Mennonite Home of Albany Inc

Analysis

Mennonite Home of Albany Inc is a registered charity in United States, based in Albany, OR. It received its IRS tax-exemption ruling in January 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Mennonite Home of Albany Inc reported income of $28.9m and spending of $30.0m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $32.2m to $28.9m (-10%), an average of -2.7% a year. The sharpest change came in the year to September 2022, when income dropped by 17%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mennonite Home of Albany Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within OR. Charities of a similar size with the same main cause include Foodbank of Santa Barbara County ($28.9m), Bethany Christian Services Inc ($28.9m) and San Diego Center for Children ($28.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.4% and program service revenue 95% of the total. Other salaries and wages came to $11.6m. At year end it held assets of $81.2m against liabilities of $42.7m, net assets of $38.5m. It reported 469 employees.