New York · Nonprofit
CAPITALIZE ALBANY CORPORATION
CAPITALIZE ALBANY CORPORATION (New York) receives grants from 1 organization whose IRS filings report $2,000 to it, the largest being PIONEER BANK CHARITABLE FOUNDATION ($2,000). 1 of them have funded it in more than one year.
- Revenue FY2025
- $2.5M
- Funders on record
- 1
- Grants received
- $2k
- Net assets
- $21M
What Capitalize Albany Corporation does
Mission
The mission of Capitalize Albany Corporation is to facilitate strategic economic development and stimulate transformative investment throughout the city of albany, making new york's capital a vibrant place to thrive.
As stated on its FY2025 Form 990.
Program
Capitalize Albany Corporation (cac) provides economic development services in the city of albany, which include among other things: (1) the management of the city of albany industrial development agency and city of albany capital resources corporation (2) the administration of small business grant programs on behalf of the city of albany and (3) the development and implementation of strategic economic development initiatives such as impact downtown and the liberty park development and clinton market collective.
$1,330,532 spentof which $351,712 as grants$1,152,551 earned by the program100% of program spending
The program described on its FY2025 Form 990. Program spending in total: $1,330,532.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2018 to 2019, from $15M to $24M (+67%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 38% · 2018 51% · 2019 85% · 2020 52% · 2021 59% · 2022 78% · 2023 62% · 2024 50% · 2025 35%. Grants only. Government contracts and fees sit inside program revenue.
38% of CAPITALIZE ALBANY CORPORATION’s revenue is contributions — about as donation-reliant as the typical peer (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Anders Tomson
Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2022 → 2023: the base held at 1 funder, grant income rose $500 → $2k.
From the IRS filings of CAPITALIZE ALBANY CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
100% of CAPITALIZE ALBANY CORPORATION's grant income comes from New York funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
CAPITALIZE ALBANY CORPORATION holds deeper cash reserves than three-quarters of the 2,127 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 2,127 community improvement nonprofits $1M–$10M, FY2025
Organizations like CAPITALIZE ALBANY CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In New York
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
57% of spending goes to programs.
Governance
Public support
89%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 3 related entities
- Citywide Property Holdings · disregarded
- Liberty Square Development · disregarded
- 34 Hamilton Street LLC · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for CAPITALIZE ALBANY CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds CAPITALIZE ALBANY CORPORATION?
- CAPITALIZE ALBANY CORPORATION (New York) receives grants from 1 organization whose IRS filings report $2,000 to it, the largest being PIONEER BANK CHARITABLE FOUNDATION ($2,000). 1 of them have funded it in more than one year.
- How many funders does CAPITALIZE ALBANY CORPORATION have?
- IRS filings report 1 organization giving $2,000 in grants to CAPITALIZE ALBANY CORPORATION, 1 of which have funded it in more than one year.
- Who is the largest funder of CAPITALIZE ALBANY CORPORATION?
- PIONEER BANK CHARITABLE FOUNDATION is the largest funder on record, with $2,000 in grants. The full list of funders is on this page.
- How can an organization like CAPITALIZE ALBANY CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing