The Albany Damien Center Inc

Analysis

The Albany Damien Center Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in October 1991, 35 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 December 2023, The Albany Damien Center Inc reported income of $5.6m and spending of $5.0m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.6m to $5.6m (+1.0%), an average of +0.2% a year. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Albany Damien Center Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Healthy Harvest Food Bank Inc ($5.6m), Volunteer Way Inc ($5.6m) and Springboard to Opportunities ($5.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $160k (3.2% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $9.3m against liabilities of $264k, net assets of $9.1m. It reported 56 employees.