Albany County Rural Housing

Analysis

Albany County Rural Housing is a registered charity in United States, based in Voorheesville, NY. It received its IRS tax-exemption ruling in October 1987, 39 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 June 2023, Albany County Rural Housing reported income of $1.4m and spending of $1.4m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $504k to $1.4m (+175%), an average of +29% a year. The sharpest change came in the year to June 2021, when income rose by 45%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Albany County Rural Housing sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Clark Towers Inc ($1.4m), Kinai Eha ($1.4m) and Ark Assessment Center and Emergency Shelter for Youth ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $91k (6.3% of expenses). Other salaries and wages came to $237k. At year end it held assets of $201k against liabilities of $56k, net assets of $145k. It reported 7 employees.