United Way Of The Greater Capital Region Inc
United Way Of The Greater Capital Region Inc shows asset growth but recent years indicate expenses exceeding revenue.
EIN: 141364505 · Albany, NY · NTEE: P12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.0M |
| Total Expenses | $4.8M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $6 |
| Net Assets | $8.6M |
| Transparency Score | 78/100 |
Is United Way Of The Greater Capital Region Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
United Way Of The Greater Capital Region Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About United Way Of The Greater Capital Region Inc
United Way Of The Greater Capital Region Inc (EIN: 141364505) is a nonprofit organization based in Albany, NY, classified under NTEE code P12. The organization reported total revenue of $6.0M and total assets of $11.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of United Way Of The Greater Capital Region Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
United Way Of The Greater Capital Region Inc is a mid-size nonprofit that has been operating for 77 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.4M |
| Total Expenses | $4.8M |
| Surplus / Deficit | $-1,355,251 |
| Total Assets | $11.1M |
| Total Liabilities | $2.5M |
| Net Assets | $8.6M |
| Operating Margin | -39.5% |
| Debt-to-Asset Ratio | 22.8% |
| Months of Reserves | 27.8 months |
Financial Health Grade: B
In 2023, United Way Of The Greater Capital Region Inc reported a deficit of $1.4M with expenses exceeding revenue, holds 27.8 months of operating reserves (strong position), has a debt-to-asset ratio of 22.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), United Way Of The Greater Capital Region Inc's revenue has declined at a compound annual growth rate (CAGR) of -7.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -25.3% | -5.0% | +1.6% |
| 2022 | -49.8% | +19.6% | -17.8% |
| 2021 | +73.9% | -15.3% | +68.8% |
| 2020 | +11.4% | +4.0% | +7.4% |
| 2019 | +2.6% | +11.5% | -3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1949 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates United Way Of The Greater Capital Region Inc with a Mission Score of 78 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, United Way Of The Greater Capital Region Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 22.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of this size with over $6 million in latest revenue and $11 million in assets. This suggests that executive compensation may be reported under other expense categories or that the organization relies heavily on volunteer leadership, which would be a significant strength.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of United Way Of The Greater Capital Region Inc's IRS 990 filings:
- Expenses exceeded revenue in 2022 and 2023, indicating potential operational deficits.
- Significant decline in revenue from $9.13 million in 2021 to $3.43 million in 2023.
- Consistent 0% officer compensation reported, which is highly unusual for an organization of this size and warrants further investigation.
Strengths
The following positive indicators were identified for United Way Of The Greater Capital Region Inc:
- Strong asset base, currently at $11.37 million, providing financial stability.
- History of substantial community engagement as a United Way organization.
- No reported officer compensation, suggesting either volunteer leadership or efficient use of funds not allocated to top executives.
Frequently Asked Questions about United Way Of The Greater Capital Region Inc
Is United Way Of The Greater Capital Region Inc a legitimate charity?
United Way Of The Greater Capital Region Inc (EIN: 141364505) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 78/100. It has 13 years of IRS 990 filings on record. Total revenue: $6.0M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does United Way Of The Greater Capital Region Inc spend its money?
United Way Of The Greater Capital Region Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to United Way Of The Greater Capital Region Inc tax-deductible?
United Way Of The Greater Capital Region Inc is registered as a tax-exempt nonprofit (EIN: 141364505). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the United Way Of The Greater Capital Region Inc CEO make?
United Way Of The Greater Capital Region Inc's highest-compensated officer earns $6 annually. The organization reported $6.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of United Way Of The Greater Capital Region Inc's spending goes to programs?
United Way Of The Greater Capital Region Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does United Way Of The Greater Capital Region Inc compare to similar nonprofits?
With a transparency score of 78/100 (Good), United Way Of The Greater Capital Region Inc is above average for NTEE category P12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is United Way Of The Greater Capital Region Inc located?
United Way Of The Greater Capital Region Inc is headquartered in Albany, New York and files with the IRS under EIN 141364505. It is classified under NTEE code P12.
How many years of IRS 990 filings does United Way Of The Greater Capital Region Inc have?
United Way Of The Greater Capital Region Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $6.0M in total revenue.
Is United Way Of The Greater Capital Region Inc a good charity?
Based on the available data, the organization appears to be a generally good charity with substantial assets and a history of community involvement. However, the recent trend of expenses exceeding revenue and the unusual 0% officer compensation warrant further investigation into their operational efficiency and compensation reporting practices.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation is highly unusual for an organization of this scale. It could indicate that executive compensation is reported under other expense lines (e.g., salaries and wages for all staff), that the organization is primarily run by volunteers, or that there's a specific reporting nuance not immediately clear from the summary data. Further review of the full 990 forms would be necessary to understand this.
What is the trend in the organization's net assets?
The organization's net assets have shown significant growth, increasing from $7.3 million in 2019 to $11.3 million currently. However, there was a notable dip in assets from $13.27 million in 2021 to $10.91 million in 2022, followed by a slight increase to $11.08 million in 2023, indicating some volatility in asset management or investment performance.
How has revenue changed over the past few years?
Revenue has fluctuated significantly. It peaked at $9.13 million in 2021 but has since declined to $3.43 million in 2023, representing a substantial decrease. The latest reported revenue is $6.05 million, which is higher than 2023 but still below the 2021 peak.
Are expenses under control?
Expenses have generally been stable, ranging from $4.2 million to $6.8 million over the past decade. However, in 2022 and 2023, expenses ($5.03M and $4.78M respectively) exceeded revenue ($4.59M and $3.43M respectively), indicating that the organization spent more than it brought in during those periods, which is a concern for long-term sustainability if it continues.
Filing History
IRS 990 filing history for United Way Of The Greater Capital Region Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), United Way Of The Greater Capital Region Inc's revenue has declined by 58.9%, moving from $8.3M to $3.4M. Total assets increased by 22.8% over the same period, from $9.0M to $11.1M. Total functional expenses fell by 39.8%, from $7.9M to $4.8M. In its most recent filing year (2023), United Way Of The Greater Capital Region Inc reported a deficit of $1.4M, with expenses exceeding revenue. The organization holds $2.5M in liabilities against $11.1M in assets (debt-to-asset ratio: 22.8%), resulting in net assets of $8.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.4M | $4.8M | $11.1M | $2.5M | — | View 990 |
| 2022 | $4.6M | $5.0M | $10.9M | $1.5M | — | View 990 |
| 2021 | $9.1M | $4.2M | $13.3M | $1.8M | — | — |
| 2020 | $5.3M | $5.0M | $7.9M | $2.4M | — | View 990 |
| 2019 | $4.7M | $4.8M | $7.3M | $2.1M | — | View 990 |
| 2018 | $4.6M | $4.3M | $7.6M | $2.4M | — | View 990 |
| 2017 | $5.8M | $5.6M | $7.7M | $3.0M | — | View 990 |
| 2016 | $5.9M | $6.1M | $7.5M | $3.3M | — | View 990 |
| 2015 | $5.9M | $6.2M | $7.9M | $3.5M | — | View 990 |
| 2014 | $7.4M | $6.8M | $9.0M | $4.0M | — | View 990 |
| 2013 | $7.1M | $6.9M | $8.1M | $4.1M | — | View 990 |
| 2012 | $7.2M | $7.5M | $8.3M | $4.3M | — | View 990 |
| 2011 | $8.3M | $7.9M | $9.0M | $4.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.4M, expenses of $4.8M, and assets of $11.1M (revenue -25.3% year-over-year).
- 2022: Revenue of $4.6M, expenses of $5.0M, and assets of $10.9M (revenue -49.8% year-over-year).
- 2021: Revenue of $9.1M, expenses of $4.2M, and assets of $13.3M (revenue +73.9% year-over-year).
- 2020: Revenue of $5.3M, expenses of $5.0M, and assets of $7.9M (revenue +11.4% year-over-year).
- 2019: Revenue of $4.7M, expenses of $4.8M, and assets of $7.3M (revenue +2.6% year-over-year).
- 2018: Revenue of $4.6M, expenses of $4.3M, and assets of $7.6M (revenue -20.3% year-over-year).
- 2017: Revenue of $5.8M, expenses of $5.6M, and assets of $7.7M (revenue -2.9% year-over-year).
- 2016: Revenue of $5.9M, expenses of $6.1M, and assets of $7.5M (revenue +1.2% year-over-year).
- 2015: Revenue of $5.9M, expenses of $6.2M, and assets of $7.9M (revenue -20.6% year-over-year).
- 2014: Revenue of $7.4M, expenses of $6.8M, and assets of $9.0M (revenue +4.8% year-over-year).
- 2013: Revenue of $7.1M, expenses of $6.9M, and assets of $8.1M (revenue -2.1% year-over-year).
- 2012: Revenue of $7.2M, expenses of $7.5M, and assets of $8.3M (revenue -13.5% year-over-year).
- 2011: Revenue of $8.3M, expenses of $7.9M, and assets of $9.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for United Way Of The Greater Capital Region Inc:
Data Sources and Methodology
This transparency report for United Way Of The Greater Capital Region Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.