Albany Housing Coalition Inc

Analysis

Albany Housing Coalition Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in April 1983, 43 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 January 2024, Albany Housing Coalition Inc reported income of $3.7m and spending of $2.5m, leaving 32% of income unspent that year. Across the 5 years on record, from January 2020 to January 2024, income grew from $2.0m to $3.7m (+86%), an average of +17% a year. The sharpest change came in the year to January 2024, when income rose by 57%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Albany Housing Coalition Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Victory Housing Inc ($3.7m), Calvin Court Atlanta Inc ($3.7m) and Living with Purpose Incorporated ($3.7m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 92% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $142k (5.6% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $4.0m against liabilities of $236k, net assets of $3.8m. It reported 29 employees.