Albany Medical College Alumni Association Inc

Analysis

Albany Medical College Alumni Association Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in March 1965, 61 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Albany Medical College Alumni Association Inc reported income of $518k and spending of $537k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $483k to $518k (+7.3%), an average of +1.8% a year. The sharpest change came in the year to December 2021, when income rose by 186%. Over the whole period it spent 153% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Albany Medical College Alumni Association Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Coda Mountain Academy Inc ($518k), Literacy Center Inc ($518k) and Brethren Heritage School ($517k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% of the total. Other salaries and wages came to $212k. At year end it held assets of $6.7m against liabilities of $12k, net assets of $6.7m.