Albedo Arts Community Inc

Analysis

Albedo Arts Community Inc is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in October 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending January 2024, Albedo Arts Community Inc reported income of $244k and spending of $241k, spending 99% of its income. Across the 2 years on record, from January 2023 to January 2024, income grew from $82k to $244k (+199%), an average of +199% a year. The sharpest change came in the year to January 2024, when income rose by 199%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Albedo Arts Community Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include South River Watershed Alliance ($244k), Fine Arts Center Partners ($244k) and Italian Cultural Society ($244k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $14k against liabilities of $0, net assets of $14k.