Camp Albemarle

Analysis

Camp Albemarle is a registered charity in United States, based in New Bern, NC. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Camp Albemarle reported income of $2.4m and spending of $1.7m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $2.4m (+138%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 67%. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Camp Albemarle sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include California Association of Non Profits ($2.4m), National Council of Nonprofits ($2.4m) and Community Foundation of Greater Rochester ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $79k (4.7% of expenses). Other salaries and wages came to $915k. At year end it held assets of $1.7m against liabilities of $189k, net assets of $1.5m. It reported 110 employees.