Albany Barn Inc

Analysis

Albany Barn Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in August 2007, 19 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, Albany Barn Inc reported income of $587k and spending of $577k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $333k to $587k (+76%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 87%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Albany Barn Inc 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 73rd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Common Ground on the Hill Ltd ($587k), Strand Ventures Inc ($587k) and Schooner Ernestina-Morrissey Association ($587k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $61k (10% of expenses). Other salaries and wages came to $130k. At year end it held assets of $11k against liabilities of $56k, net assets of -$45k. It reported 6 employees.