Albion Associates

Analysis

Albion Associates is a registered charity in United States, based in Albion, ME. It received its IRS tax-exemption ruling in August 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Albion Associates reported income of $213k and spending of $247k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $216k to $213k (-1.4%), an average of -0.3% a year. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Albion Associates sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 48th percentile within ME. Charities of a similar size with the same main cause include Grace Housing Nonprofit Corporation ($213k), Eaton Knolls Housing Development Fund Corporation ($213k) and Community Design Center ($213k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 31% of the total. At year end it held assets of $756k against liabilities of $773k, net assets of -$16k.