The Albertsons Companies Foundation

Analysis

The Albertsons Companies Foundation is a registered charity in United States, based in Pleasanton, CA. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 February 2024, The Albertsons Companies Foundation reported income of $68.1m and spending of $63.2m, spending 93% of its income. Across the 6 years on record, from December 2019 to February 2024, income grew from $46.3m to $68.1m (+47%), an average of +8.0% a year. The sharpest change came in the year to February 2022, when income rose by 1065%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Albertsons Companies Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Central Indiana Community Foundation Inc ($67.8m), Jewish Community Foundation of Greater Metrowest NJ ($68.5m) and San Antonio Area Foundation ($67.8m).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $93k. At year end it held assets of $73.7m against liabilities of $97k, net assets of $73.6m.