ALBANY CENTER FOR ECONOMIC SUCCESS INC

ALBANY, NY, 12210-2404 (518) 427-7804 Est. 1992 EIN 14-1762881

S20Z - Community Improvement 990 - Public charity return 501(c)(3)

Mission

ACQUIRE, DEVELOP AND OPERATE A FACILITY WHICH FUNCTIONS AS A SMALL BUSINESS INCUBATOR AND PROVIDE OTHER TRAINING AND TECHNICAL ASSISTANCE FOR MINORITIES, WOMEN AND OTHER DISADVANTAGED SMALL BUSINESS OWNERS IN THE CAPITAL REGION OF NY STATE.

Financials

Total Revenue

$129,941

Total Expenses

$176,286

Net Assets

$733,327

From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve

4.2 years Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↓ 73.5%

Expenses ↑ 6.8%

Revenue Sources

Contributions 24.0% Earned revenue 76.0%

Expense Breakdown

Program 89.8% Management 10.2%

Officers & Key Employees (9)

Individual compensation is available on Grow plans.

Grants Received (2)

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Filing History (6 filings)

Year	Revenue	Expenses	Net Assets
2024 990 - Public charity return Jan 1, 2024 to Dec 31, 2024	$129,941 ↓	$176,286	$733,327
2023 990 - Public charity return Jan 1, 2023 to Dec 31, 2023	$489,917 ↓	$165,016	$779,672
2022 990 - Public charity return Jan 1, 2022 to Dec 31, 2022	$595,915 ↑	$145,309	$454,771
2021 990 - Public charity return Jan 1, 2021 to Dec 31, 2021	$123,974 ↑	$121,329	$4,165
2020 990 - Public charity return Jan 1, 2020 to Dec 31, 2020	$80,873 ↓	$135,327	$1,520
2018 990 - Public charity return Jan 1, 2018 to Dec 31, 2018	$156,149	$155,156	$89,252