Albertine Books Foundation Inc

Analysis

Albertine Books Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Albertine Books Foundation Inc reported income of $925k and spending of $991k, spending 107% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income grew from $504k to $925k (+84%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 213%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Albertine Books Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include American Friends of the Art Fund ($925k), The Bronx Documentary Center ($925k) and Bronx County Historical Society ($925k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $150k against liabilities of $39k, net assets of $112k.