Public Charity

CENTER FOR ECONOMIC GROWTH INC

CENTER FOR ECONOMIC GROWTH INC is a nonprofit organization categorized as Public Charity based in ALBANY, NY. Its most recent IRS filing (2024) reports revenue of $1.5M, expenses of $1.7M, total assets of $1.3M. Imperigo tracks 18 reported grant relationships connected to this organization totaling approximately $813K.

EIN: 222880333 ALBANY, NY Economics NTEE: V22 Latest filing: 2024
Total Revenue$1.5M
Total Expenses$1.7M
Total Assets$1.3M
Grant Records18
Funding Total$813K
Filing Years2019–2024

Mission

PROVIDE CUSTOMIZED STRATEGIES TO SMALL-TO-MIDDLE SIZED COMPANIES IN THE MANUFACTURING TECHNOLOGY SECTORS TO IMPROVE PRODUCTIVITY, INCREASE SALES, REDUCE COSTS, LAUNCH NEW PRODUCTS AND GROW THEIR BOTTOM LINE. IN ADDITION, WE ENGAGE IN A VARIETY OF INITIATIVES TO DEVELOP A SKILLED WORKFORCE TO SERVE THE REGION'S EMPLOYER COMMUNITY.

Where $100 goes at Center for Economic Growth Inc

How Center for Economic Growth Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$87 Programs the work itself
$12 Management running the organization
$1 Fundraising raising the next dollar

Inside the $87 for programs

$62
Manufacturing solutions
71% of program spending
$25
People/workforce development
29% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Brian O'grady
VP, FINANCE & OPERATIONS Christine Holle
DIRECTOR David Demarco
SENIOR VICE PRESIDENT, CEG Don Wiesenforth
DIRECTOR Fran O'rourke
CHIEF ECONOMIC DEVELOPMENT Katherine Jn Belmont

Officer compensation and complete director data available with membership.

Top Grant Purposes

Economic Development
$467,000 5 grants
Research & Policy
$194,099 7 grants
General Support
$132,000 4 grants
Unspecified
$20,000 2 grants

Financial Trends

Year Revenue Expenses Assets
2024 $1.5M $1.7M $1.3M
2023 $1.3M $1.5M $1.5M
2022 $1.3M $1.5M $1.8M
2020 $1.3M $1.1M $1.8M
2019 $1.3M $1.4M $1.1M

Between 2019 and 2024, reported annual revenue grew from $1.3M to $1.5M (+15%), with total assets most recently reported at $1.3M.

Interactive year-over-year charts and full filing details available with membership.

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