Albright Care Services

Analysis

Albright Care Services is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in January 1974, 52 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Albright Care Services reported income of $71.5m and spending of $78.7m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $48.4m to $71.5m (+48%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 24%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Albright Care Services sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MD. Charities of a similar size with the same main cause include Catholic Charities of Louisville Inc ($71.5m), Mid-South Food Bank ($71.8m) and Seabrook Village Inc ($71.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.1% and program service revenue 94% of the total. Other salaries and wages came to $23.8m. At year end it held assets of $105.7m against liabilities of $85.4m, net assets of $20.2m.

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.