Albany Jewish Community Center

Analysis

Albany Jewish Community Center is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in July 1953, 73 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Albany Jewish Community Center reported income of $4.9m and spending of $4.8m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.2m to $4.9m (-5.8%), an average of -1.5% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Albany Jewish Community Center sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include West Pasco Youth Soccer Association Inc ($4.9m), Atlanta Braves Foundation Inc ($4.9m) and The Economic Development Group Inc ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $221k (4.6% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $6.3m against liabilities of $1.9m, net assets of $4.3m. It reported 230 employees.