Albany Regional Museum Corporation

Analysis

Albany Regional Museum Corporation is a registered charity in United States, based in Albany, OR. It received its IRS tax-exemption ruling in December 1981, 45 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 (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, Albany Regional Museum Corporation reported income of $194k and spending of $313k, spending 162% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $83k to $194k (+133%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 157%. Over the whole period it spent 107% 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 Regional Museum Corporation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within OR. Charities of a similar size with the same main cause include Embarrass Region Community Association ($194k), First Night Monterey Inc ($194k) and Four Seasons Arts Inc ($194k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $48k (15% of expenses). Other salaries and wages came to $116k. At year end it held assets of $2.7m against liabilities of $4,984, net assets of $2.7m. It reported 6 employees.