Albany Catholic Press Assn Inc

Analysis

Albany Catholic Press Assn Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Albany Catholic Press Assn Inc reported income of $882k and spending of $960k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $918k to $882k (-3.8%), an average of -1.0% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 104% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Albany Catholic Press Assn Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Sisdac-West Valley City- Utah ($882k), House of Hope Orlando Inc ($883k) and Vera Lloyd Presbyterian Foundation Inc ($881k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 73% of the total. Other salaries and wages came to $309k. At year end it held assets of $5.0m against liabilities of $103k, net assets of $4.9m. It reported 7 employees.