Albiston Foundation

Analysis

Albiston Foundation is a registered charity in United States, based in Carrabassett Valley, ME. It received its IRS tax-exemption ruling in November 2014, 12 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, Albiston Foundation reported income of $395k and spending of $371k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $543k to $395k (-27%), an average of -7.7% a year. The sharpest change came in the year to December 2020, when income dropped by 63%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Albiston Foundation sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 61st percentile within ME. Charities of a similar size with the same main cause include Bethlehem Emergency Sheltering Inc ($395k), Harrisburg Early Learning Center ($395k) and Fishers Farm ($394k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 15% of the total. Other salaries and wages came to $123k. At year end it held assets of $1.1m against liabilities of $13k, net assets of $1.1m. It reported 5 employees.