Albany State University Foundation Inc

Analysis

Albany State University Foundation Inc is a registered charity in United States, based in Albany, GA. It received its IRS tax-exemption ruling in August 1969, 57 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Albany State University Foundation Inc reported income of $1.6m and spending of $1.3m, spending 82% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $3.2m to $1.6m (-50%), an average of -21% a year. The sharpest change came in the year to June 2021, when income dropped by 52%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Albany State University Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within GA. Charities of a similar size with the same main cause include Christian Hope Association ($1.6m), Buffalo Senior Center Inc ($1.6m) and International Center Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $8.7m against liabilities of $15k, net assets of $8.7m.