Saint Anne Institute

Analysis

Saint Anne Institute is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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, Saint Anne Institute reported income of $13.2m and spending of $14.3m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $16.2m to $13.2m (-19%), an average of -5.0% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Saint Anne Institute sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Advanced Home Care Inc ($13.2m), Spero ($13.2m) and Los Alamos Retirement Community Inc ($13.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $650k (4.6% of expenses). Other salaries and wages came to $8.3m. At year end it held assets of $7.5m against liabilities of $5.6m, net assets of $1.8m. It reported 313 employees.