Albert E Farone & Angela T Farone

Analysis

Albert E Farone & Angela T Farone is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 1966, 60 years ago. Its declared purposes cover education, which this site groups under education and training. 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 April 2023, Albert E Farone & Angela T Farone reported income of $1.9m and spending of $805k, leaving 58% of income unspent that year. Across the 5 years on record, from April 2019 to April 2023, income grew from $1.6m to $1.9m (+23%), an average of +5.3% a year. The sharpest change came in the year to April 2020, when income rose by 220%. Over the whole period it spent 29% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Albert E Farone & Angela T Farone sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 66th percentile within DC. Charities of a similar size with the same main cause include Valley Christian Academy Inc ($1.9m), Piney Grove Boys Academy Inc ($1.9m) and The Quran Institute of America ($1.9m).

At year end it held assets of $39.7m against liabilities of $375, net assets of $39.7m.