Reinvent Albany

Analysis

Reinvent Albany is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2010, 16 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, Reinvent Albany reported income of $1.3m and spending of $949k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $427k to $1.3m (+194%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 439%. Over the whole period it spent 80% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Reinvent Albany sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Representation Project ($1.3m), A Galvanized Innovative Approach to Leading Excellence Planning Solut ($1.3m) and American Civil Liberties Union of South Carolina Foundation Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $218k (23% of expenses). Other salaries and wages came to $395k. At year end it held assets of $1.2m against liabilities of $381, net assets of $1.2m. It reported 5 employees.