Albany Community Land Trust

Analysis

Albany Community Land Trust is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in February 1989, 37 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Albany Community Land Trust reported income of $1.2m and spending of $1.0m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.2m (+9.3%), an average of +2.3% a year. The sharpest change came in the year to December 2020, when income rose by 18%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Albany Community Land Trust sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include St Vincents Housing Development Fund Company Inc ($1.2m), Jewish Senior Housing of Akron ($1.2m) and Housing Development Corporation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $8,000 (0.8% of expenses). At year end it held assets of $3.6m against liabilities of $1.8m, net assets of $1.7m. It reported 1 employees.