Algemeiner Inc

Analysis

Algemeiner Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2018, 8 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, Algemeiner Inc reported income of $1.6m and spending of $1.5m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $1.6m (-13%), an average of -3.4% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Algemeiner Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Long Beach Lesbian and Gay Pride Inc ($1.6m), Triple Aught Foundation ($1.6m) and DC Youth Orchestra Program ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $666k. At year end it held assets of $921k against liabilities of $186k, net assets of $735k.