Albany Can Code Inc

Analysis

Albany Can Code Inc is a registered charity in United States, based in Latham, NY. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Albany Can Code Inc reported income of $935k and spending of $1.1m, spending 120% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $547k to $935k (+71%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 83%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Albany Can Code Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Samuel Ready Scholarships Inc ($935k), Desert Vista High School Thunder Board Association ($935k) and Academy of Sports Science ($935k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 71% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $110k (9.8% of expenses). Other salaries and wages came to $463k. At year end it held assets of $606k against liabilities of $295k, net assets of $311k. It reported 16 employees.