Albion Reinvestment Corporation

Analysis

Albion Reinvestment Corporation is a registered charity in United States, based in Saginaw, MI. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Albion Reinvestment Corporation reported income of $205k and spending of $215k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $80k to $205k (+155%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 223%. Over the whole period it spent 222% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Albion Reinvestment Corporation 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 54th percentile, and in the 54th percentile within MI. Charities of a similar size with the same main cause include A Greater Good Foundation ($205k), Washington State Rural Development Council ($205k) and South Pasadena Tournament of Roses Association ($205k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 28% of the total. At year end it held assets of $1.5m against liabilities of $1.3m, net assets of $180k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.