Albany College of Pharmacy and Health Sciences

Analysis

Albany College of Pharmacy and Health Sciences is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in March 1926, 100 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Albany College of Pharmacy and Health Sciences reported income of $65.1m and spending of $65.9m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $65.1m to $65.1m (+0.0%), an average of +0.0% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Albany College of Pharmacy and Health Sciences sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Grace Schools ($65.0m), Mount St Joseph University ($65.2m) and Pingry Corporation ($64.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.3% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $1.1m (1.6% of expenses). At year end it held assets of $144.5m against liabilities of $41.1m, net assets of $103.5m. It reported 690 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.