Albright College

Analysis

Albright College is a registered charity in United States, based in Reading, PA. It received its IRS tax-exemption ruling in November 1934, 92 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Albright College reported income of $61.1m and spending of $81.1m, spending 133% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $107.2m to $61.1m (-43%), an average of -13% a year. The sharpest change came in the year to May 2020, when income dropped by 37%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Albright College sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Mojave River Academy Schools ($61.0m), Room to Read ($61.1m) and Lycee Francais de New York ($61.0m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 13% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $1.6m (1.9% of expenses). Other salaries and wages came to $20.2m. At year end it held assets of $196.0m against liabilities of $105.2m, net assets of $90.8m. It reported 1,051 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.