Northeastern Association of the Blind at Albany Inc

Analysis

Northeastern Association of the Blind at Albany Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in May 1948, 78 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Northeastern Association of the Blind at Albany Inc reported income of $7.6m and spending of $7.0m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.3m to $7.6m (+21%), an average of +5.0% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northeastern Association of the Blind at Albany Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Open Door Housingworks ($7.6m), Child Study Center of New York ($7.6m) and McLaughlin Research Institute for Biomedical Sciences ($7.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.3% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $131k (1.9% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $6.6m against liabilities of $5.7m, net assets of $813k. It reported 85 employees.