Albany Arc Foundation Inc

Analysis

Albany Arc Foundation Inc is a registered charity in United States, based in Queensbury, NY. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Albany Arc Foundation Inc reported income of $114k and spending of $146k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $429k to $114k (-74%), an average of -28% a year. The sharpest change came in the year to December 2020, when income dropped by 60%. Over the whole period it spent 62% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Albany Arc Foundation Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within NY. Charities of a similar size with the same main cause include Westchester Blue Foundation Inc ($114k), Childrens Humanitarian Services ($114k) and Family Resources of New Orleans Inc ($114k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% of the total. At year end it held assets of $1.8m against liabilities of $56k, net assets of $1.7m.