Albina Vision Inc

Analysis

Albina Vision Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in May 2018, 8 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, Albina Vision Inc reported income of $4.9m and spending of $797k, leaving 84% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $209k to $4.9m (+2235%), an average of +120% a year. The sharpest change came in the year to December 2021, when income rose by 745%. Over the whole period it spent 27% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Albina Vision Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within OR. Charities of a similar size with the same main cause include Solutions That Empower People Inc ($4.9m), Inter-County Community Council Inc ($4.9m) and Baltimore Community Lending Inc ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $129k (16% of expenses). Other salaries and wages came to $100k. At year end it held assets of $7.9m against liabilities of $1.1m, net assets of $6.8m. It reported 4 employees.