Albany Research Institute Inc

Analysis

Albany Research Institute Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in July 1989, 37 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Albany Research Institute Inc reported income of $3.1m and spending of $2.9m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $331k to $3.1m (+834%), an average of +75% a year. The sharpest change came in the year to December 2020, when income rose by 310%. Over the whole period it spent 96% 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 Research Institute Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include St Louis Kaplan Feldman Holocaust Museum ($3.1m), Iqa Foundation ($3.1m) and American Shakespeare Center ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $1.2m against liabilities of $223k, net assets of $992k. It reported 24 employees.