Albany Public Schools Foundation

Analysis

Albany Public Schools Foundation is a registered charity in United States, based in Albany, OR. It received its IRS tax-exemption ruling in September 1985, 41 years ago. 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 June 2023, Albany Public Schools Foundation reported income of $1.1m and spending of $775k, leaving 30% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $561k to $1.1m (+97%), an average of +25% a year. The sharpest change came in the year to June 2021, when income rose by 317%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Albany Public Schools Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within OR. Charities of a similar size with the same main cause include Princeton Christian Fellowship ($1.1m), Jesse M Smith Memorial Library ($1.1m) and Floyd Memorial Library ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 4.0% of the total. Other salaries and wages came to $201k. At year end it held assets of $4.7m against liabilities of $304k, net assets of $4.4m. It reported 6 employees.