Albany Mennonite Home-Village Foundation Inc

Analysis

Albany Mennonite Home-Village Foundation Inc is a registered charity in United States, based in Albany, OR. It received its IRS tax-exemption ruling in March 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Albany Mennonite Home-Village Foundation Inc reported income of $967k and spending of $676k, leaving 30% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.4m to $967k (-59%), an average of -20% a year. The sharpest change came in the year to September 2020, when income dropped by 73%. Over the whole period it spent 63% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Albany Mennonite Home-Village Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within OR. Charities of a similar size with the same main cause include Glamourgals Foundation Inc ($966k), Joy Ranch of South Dakota ($967k) and A Hand of Hope Pregnancy Resource Center ($966k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $6.5m against liabilities of $0, net assets of $6.5m.