Albany Fund for Education Inc

Analysis

Albany Fund for Education Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in August 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Fund for Education Inc reported income of $61k and spending of $90k, spending 149% of what it took in. Across the 4 years on record, from December 2020 to June 2023, income fell from $280k to $61k (-78%), an average of -40% a year. The sharpest change came in the year to June 2023, when income dropped by 73%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Albany Fund for Education Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within NY. Charities of a similar size with the same main cause include Parent Booster USA Inc ($61k), Casey Schulman Foundation ($61k) and Music Youth Partnership ($61k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $17k (19% of expenses). At year end it held assets of $286k against liabilities of $88k, net assets of $198k. It reported 1 employees.