Albanian American Cultural Center Inc

Analysis

Albanian American Cultural Center Inc is a registered charity in United States, based in Riverdale, NJ. It received its IRS tax-exemption ruling in August 1987, 39 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Albanian American Cultural Center Inc reported income of $129k and spending of $206k, spending 159% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $621k to $129k (-79%), an average of -41% a year. The sharpest change came in the year to December 2023, when income dropped by 66%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Albanian American Cultural Center Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 51st percentile within NJ. Charities of a similar size with the same main cause include Iskcon of Harrisburg ($129k), Torch Sports Ministry ($129k) and Northern California Uu Camps and Conferences ($129k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 247% of the total. Other salaries and wages came to $5,404. At year end it held assets of $2.9m against liabilities of $11k, net assets of $2.9m. It reported 6 employees.