Albany Center Galleries Inc

Analysis

Albany Center Galleries Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in October 1989, 37 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Albany Center Galleries Inc reported income of $503k and spending of $486k, spending 97% of its income. Across the 6 years on record, from March 2019 to March 2024, income grew from $187k to $503k (+169%), an average of +22% a year. The sharpest change came in the year to March 2023, when income rose by 37%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Albany Center Galleries Inc 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 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Doug Pensinger Photography Fund ($503k), Westwood Media Center Inc ($503k) and The Music Education Group Inc ($503k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 50% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $84k (17% of expenses). Other salaries and wages came to $144k. At year end it held assets of $282k against liabilities of $102k, net assets of $180k. It reported 6 employees.