University Heights Association Inc

Analysis

University Heights Association Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, University Heights Association Inc reported income of $3.2m and spending of $3.2m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $3.2m (+11%), an average of +2.6% a year. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, University Heights Association Inc sits at the 89th percentile: it is larger than about 89% 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 East 66th Street Services Inc ($3.2m), Ocean County Private Industry Council Inc ($3.2m) and Northcott Neighborhood House ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $2.3m. At year end it held assets of $1.1m against liabilities of $220k, net assets of $900k. It reported 103 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.