Albert Einstein Residence Center

Analysis

Albert Einstein Residence Center is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in February 1980, 46 years ago. 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 June 2024, Albert Einstein Residence Center reported income of $20.6m and spending of $1.2m, leaving 94% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.6m to $20.6m (+1209%), an average of +90% a year. The sharpest change came in the year to June 2024, when income rose by 1127%. Over the whole period it spent 29% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Albert Einstein Residence Center 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 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Field School Inc ($20.6m), Peoples Resource Center ($20.6m) and Adult Skills Center ($20.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.7% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $159k (13% of expenses). Other salaries and wages came to $124k. At year end it held assets of $19.9m against liabilities of $0, net assets of $19.9m. It reported 9 employees.