Albany City Rocks Inc

Analysis

Albany City Rocks Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in June 1997, 29 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Albany City Rocks Inc reported income of $217k and spending of $206k, spending 95% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $111k to $217k (+95%), an average of +18% a year. The sharpest change came in the year to August 2021, when income rose by 145%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Albany City Rocks Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Terrapin Wrestling Club Inc ($217k), Golden Park Restorations Inc ($217k) and River City Youth Athletics Incorporated ($217k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $7,991 against liabilities of $0, net assets of $7,991.