Upper Albany Neighborhood Collaborative Inc

Analysis

Upper Albany Neighborhood Collaborative Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in August 1995, 31 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Upper Albany Neighborhood Collaborative Inc reported income of $511k and spending of $473k, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $372k to $511k (+37%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Upper Albany Neighborhood Collaborative Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 68th percentile within CT. Charities of a similar size with the same main cause include Boston Prime Timers Inc ($511k), LA Fuerza Unida Community Development Corporation ($511k) and Colorado Community Action Association ($511k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $143k against liabilities of $0, net assets of $143k.