Albina Plaza

Analysis

Albina Plaza is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Albina Plaza reported income of $70k and spending of $101k, spending 143% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $71k to $70k (-1.5%), an average of -0.5% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 178% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Albina Plaza sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 27th percentile within OR. Charities of a similar size with the same main cause include St Mary Conference ($70k), Omega Gold Development Group Inc ($70k) and Prairie Inn Corporation ($70k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. At year end it held assets of $550k against liabilities of $150k, net assets of $400k.

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.