Albertina Kerr Centers Foundation Inc

Analysis

Albertina Kerr Centers Foundation Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in January 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Albertina Kerr Centers Foundation Inc reported income of $224k and spending of $389k, spending 174% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.4m to $224k (-93%), an average of -49% a year. The sharpest change came in the year to June 2021, when income dropped by 95%. Over the whole period it spent 110% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Albertina Kerr Centers Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within OR. Charities of a similar size with the same main cause include Logix Community Stars Foundation ($224k), Rich in Mercy Mission Institute Inc ($224k) and Cheria Foundation Inc ($224k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% of the total. At year end it held assets of $10.5m against liabilities of $78k, net assets of $10.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.