Albany Live Inc

Analysis

Albany Live Inc is a registered charity in United States, based in Albany, TX. It received its IRS tax-exemption ruling in February 2022, 4 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 December 2023, Albany Live Inc reported income of $219k and spending of $156k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $133k to $219k (+65%), an average of +65% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Albany Live Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within TX. Charities of a similar size with the same main cause include Friends of Treme Culture ($219k), Quilt Institute Inc ($219k) and Harmon Recovery Foundation ($219k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. At year end it held assets of $88k against liabilities of $0, net assets of $88k.