Albert City Threshermen and Collectors Inc

Analysis

Albert City Threshermen and Collectors Inc is a registered charity in United States, based in Albert City, IA. It received its IRS tax-exemption ruling in November 1975, 51 years ago. Its declared purposes cover food, agriculture and nutrition, 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 October 2023, Albert City Threshermen and Collectors Inc reported income of $226k and spending of $214k, spending 95% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $19k to $226k (+1069%), an average of +85% a year. The sharpest change came in the year to October 2021, when income rose by 3051%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Albert City Threshermen and Collectors Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within IA. Charities of a similar size with the same main cause include San Diego Human Dignity Foundation ($226k), Refugee Education and Adventure Challenge ($226k) and Hunger Resource Network ($226k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 19% of the total. At year end it held assets of $875k against liabilities of $0, net assets of $875k.