University at Albany Foundation

Analysis

University at Albany Foundation is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in October 1993, 33 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University at Albany Foundation reported income of $23.8m and spending of $10.2m, leaving 57% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.2m to $23.8m (+47%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 47%. Over the whole period it spent 46% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University at Albany Foundation sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Brooklyn Laboratory Charter Schools ($23.8m), Wayside Schools ($23.8m) and Ingenium Schools ($23.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $275k (2.7% of expenses). Other salaries and wages came to $421k. It paid $38k in professional fundraising fees. At year end it held assets of $183.7m against liabilities of $13.3m, net assets of $170.4m. It reported 10 employees.