Albemarle Community Trust

Analysis

Albemarle Community Trust is a registered charity in United States, based in Hertford, NC. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Albemarle Community Trust reported income of $81k and spending of $90k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $82k to $81k (-0.4%), an average of -0.4% a year. Over the whole period it spent 103% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Albemarle Community Trust sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within NC. Charities of a similar size with the same main cause include Goren Family Foundation ($81k), Marcus Whitman Middle School Parent Teacher Student Association ($81k) and The Eric M Suhl Foundation ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $24k against liabilities of $0, net assets of $24k.