AI Summary
The Albany Center for Economic Success is a nonprofit organization focused on business promotion and community improvement in the Capital Region of New York. Its mission is to acquire, develop, and operate facilities that serve as small business incubators for minorities, women, and other disadvantaged small business owners. With an operating budget of $176.3K and total revenue of $129.9K for the 2024 filing year, the organization has a significant reliance on a single funder, which contributes $1.8M, representing over 50% of its revenue.
Mission Statement
TO ACQUIRE, DEVELOP AND OPERATE FACILITIES WHICH WILL FUNCTION AS SMALL BUSINESS INCUBATORS FOR MINORITIES, WOMEN AND OTHER DISADVANTAGED SMALL BUSINESS OWNERS IN THE CAPITAL REGION OF NEW YORK STATE.
Cause Areas
2
Business promotion
Community improvement
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See similar nonprofits by cause and location, their funders, and their grants.
Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Funder
Total Funding
Funding Share
COMMUNITY LOAN FUND OF THE CAPITAL REGION INC
Albany, NY, US
$1.8M
39%
Frequently Asked Questions
What is ALBANY CENTER FOR ECONOMIC SUCCESS’s budget?
In 2024, ALBANY CENTER FOR ECONOMIC SUCCESS reported an annual operating budget of around $176 thousand. More detailed financial information is available to registered users.
What causes does ALBANY CENTER FOR ECONOMIC SUCCESS support?
ALBANY CENTER FOR ECONOMIC SUCCESS supports work in Business promotion and Community improvement.
Where does ALBANY CENTER FOR ECONOMIC SUCCESS operate?
ALBANY CENTER FOR ECONOMIC SUCCESS is headquartered in Albany, NY.
Who funded ALBANY CENTER FOR ECONOMIC SUCCESS recently?
In 2023, ALBANY CENTER FOR ECONOMIC SUCCESS received grants from COMMUNITY LOAN FUND OF THE CAPITAL REGION INC and COMMUNITY LOAN FUND OF THE CAPITAL REGION INC. More information on this organization’s funders is available to registered users.
What is the largest grant ALBANY CENTER FOR ECONOMIC SUCCESS received in 2023?
The largest grant to ALBANY CENTER FOR ECONOMIC SUCCESS in 2023 exceeds $213 thousand.