Albany Catholic Youth Assoc Inc

Analysis

Albany Catholic Youth Assoc Inc is a registered charity in United States, based in Paradox, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Albany Catholic Youth Assoc Inc reported income of $275k and spending of $301k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $220k to $275k (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2021, when income rose by 123%. Over the whole period it spent 145% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Albany Catholic Youth Assoc Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Ncr-Vision Center Independent Housing Inc ($274k), Heart Society of Gaston County Inc ($275k) and Christian Life Fellowship Church Inc ($274k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 101% of the total. Compensation of current officers, directors and key employees was $17k (5.8% of expenses). Other salaries and wages came to $49k. At year end it held assets of $832k against liabilities of $995, net assets of $831k. It reported 7 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.