Albanian American Cultural Center Inc
Albanian American Cultural Center Inc shows stable assets and zero officer compensation amidst fluctuating revenues.
EIN: 112441884 · Riverdale, NJ · NTEE: X40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $928K |
| Total Expenses | $206K |
| Program Spending | 80% |
| Net Assets | $2.9M |
| Transparency Score | 85/100 |
Is Albanian American Cultural Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Albanian American Cultural Center Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Albanian American Cultural Center Inc
Albanian American Cultural Center Inc (EIN: 112441884) is a nonprofit organization based in Riverdale, NJ, classified under NTEE code X40. The organization reported total revenue of $928K and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Albanian American Cultural Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Albanian American Cultural Center Inc is a small nonprofit that has been operating for 39 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $129K |
| Total Expenses | $206K |
| Surplus / Deficit | $-76,790 |
| Total Assets | $2.9M |
| Total Liabilities | $11K |
| Net Assets | $2.9M |
| Operating Margin | -59.4% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 169.5 months |
Financial Health Grade: B
In 2023, Albanian American Cultural Center Inc reported a deficit of $77K with expenses exceeding revenue, holds 169.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Albanian American Cultural Center Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -66.4% | -36.4% | +2.4% |
| 2021 | +4.8% | -20.5% | +15.5% |
| 2020 | -40.9% | -4.0% | -1.4% |
| 2019 | +41.8% | +41.6% | +1.1% |
| 2018 | -2.4% | -18.2% | -3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Albanian American Cultural Center Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Albanian American Cultural Center Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $77K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is a strong positive, suggesting that all funds are directed towards the organization's mission and operations, rather than executive salaries, regardless of the organization's size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Albanian American Cultural Center Inc's IRS 990 filings:
- Significant year-to-year revenue volatility, making financial planning potentially challenging.
- Lack of detailed functional expense breakdown in provided data, limiting precise assessment of program vs. administrative spending.
Strengths
The following positive indicators were identified for Albanian American Cultural Center Inc:
- Consistent reporting of 0% officer compensation, indicating strong commitment to mission-focused spending.
- Healthy asset base, with assets growing to $3,228,804.
- Low liabilities relative to assets, demonstrating strong financial solvency.
- Consistent IRS 990 filing history over 12 periods, indicating good transparency and compliance.
Frequently Asked Questions about Albanian American Cultural Center Inc
Is Albanian American Cultural Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Albanian American Cultural Center Inc (EIN: 112441884) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Albanian American Cultural Center Inc spend its money?
Albanian American Cultural Center Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Albanian American Cultural Center Inc tax-deductible?
Albanian American Cultural Center Inc is registered as a tax-exempt nonprofit (EIN: 112441884). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Albanian American Cultural Center Inc's spending goes to programs?
Albanian American Cultural Center Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Albanian American Cultural Center Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Albanian American Cultural Center Inc is above average for NTEE category X40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Albanian American Cultural Center Inc located?
Albanian American Cultural Center Inc is headquartered in Riverdale, New Jersey and files with the IRS under EIN 112441884. It is classified under NTEE code X40.
How many years of IRS 990 filings does Albanian American Cultural Center Inc have?
Albanian American Cultural Center Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $928K in total revenue.
Is Albanian American Cultural Center Inc financially stable?
Yes, the organization appears financially stable, with assets of $3,228,804 in its latest filing and consistently low liabilities, such as $10,800 in 2023. This indicates a strong balance sheet.
How does the organization manage executive compensation?
The organization reports 0% officer compensation across all 12 available filings, meaning no salaries are paid to its officers. This is a highly positive indicator of financial stewardship.
What is the trend in the organization's revenue?
Revenue has been highly volatile, ranging from a low of $129,257 in 2023 to a high of $780,714 in 2015. This fluctuation suggests an inconsistent funding stream.
Are the organization's expenses well-controlled?
Expenses also fluctuate significantly, from $155,145 in 2013 to $424,666 in 2019. While there isn't a clear upward trend, the variability makes it difficult to assess consistent expense control without more detailed functional expense data.
Filing History
IRS 990 filing history for Albanian American Cultural Center Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Albanian American Cultural Center Inc's revenue has declined by 3%, moving from $133K to $129K. Total assets increased by 101.4% over the same period, from $1.4M to $2.9M. Total functional expenses rose by 56%, from $132K to $206K. In its most recent filing year (2023), Albanian American Cultural Center Inc reported a deficit of $77K, with expenses exceeding revenue. The organization holds $11K in liabilities against $2.9M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $129K | $206K | $2.9M | $11K | — | — |
| 2021 | $384K | $324K | $2.8M | $14K | — | View 990 |
| 2020 | $367K | $408K | $2.5M | $30K | — | — |
| 2019 | $621K | $425K | $2.5M | $24K | — | View 990 |
| 2018 | $438K | $300K | $2.5M | $272K | — | View 990 |
| 2017 | $449K | $367K | $2.6M | $451K | — | View 990 |
| 2016 | $489K | $310K | $2.6M | $533K | — | View 990 |
| 2015 | $781K | $193K | $2.7M | $800K | — | View 990 |
| 2014 | $138K | $181K | $1.1M | $0 | — | View 990 |
| 2013 | $175K | $155K | $1.4M | $1K | — | View 990 |
| 2012 | $121K | $167K | $1.4M | $1K | — | View 990 |
| 2011 | $133K | $132K | $1.4M | $16K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $129K, expenses of $206K, and assets of $2.9M (revenue -66.4% year-over-year).
- 2021: Revenue of $384K, expenses of $324K, and assets of $2.8M (revenue +4.8% year-over-year).
- 2020: Revenue of $367K, expenses of $408K, and assets of $2.5M (revenue -40.9% year-over-year).
- 2019: Revenue of $621K, expenses of $425K, and assets of $2.5M (revenue +41.8% year-over-year).
- 2018: Revenue of $438K, expenses of $300K, and assets of $2.5M (revenue -2.4% year-over-year).
- 2017: Revenue of $449K, expenses of $367K, and assets of $2.6M (revenue -8.3% year-over-year).
- 2016: Revenue of $489K, expenses of $310K, and assets of $2.6M (revenue -37.3% year-over-year).
- 2015: Revenue of $781K, expenses of $193K, and assets of $2.7M (revenue +463.9% year-over-year).
- 2014: Revenue of $138K, expenses of $181K, and assets of $1.1M (revenue -20.7% year-over-year).
- 2013: Revenue of $175K, expenses of $155K, and assets of $1.4M (revenue +44.8% year-over-year).
- 2012: Revenue of $121K, expenses of $167K, and assets of $1.4M (revenue -9.5% year-over-year).
- 2011: Revenue of $133K, expenses of $132K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Albanian American Cultural Center Inc:
Data Sources and Methodology
This transparency report for Albanian American Cultural Center Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.