Albany County Opportunity Incorporated

Analysis

Albany County Opportunity Incorporated is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in January 1967, 59 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 February 2024, Albany County Opportunity Incorporated reported income of $11.7m and spending of $11.0m, spending 95% of its income. Across the 5 years on record, from February 2020 to February 2024, income grew from $10.3m to $11.7m (+13%), an average of +3.1% a year. The sharpest change came in the year to February 2024, when income rose by 18%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Albany County Opportunity Incorporated sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Toomey Residential and Community Services Corp ($11.7m), Graceworks Ministries Inc ($11.7m) and Urban League of Greater Southwestern Ohio ($11.7m).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $696k (6.3% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $11.0m against liabilities of $3.4m, net assets of $7.6m. It reported 162 employees.