Albany Academy
Albany Academy maintains stable assets despite recent minor operating deficits.
EIN: 141338579 · Albany, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $28.8M |
| Total Expenses | $22.3M |
| Program Spending | 85% |
| Net Assets | $44.7M |
| Transparency Score | 80/100 |
Is Albany Academy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Albany Academy directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Albany Academy
Albany Academy (EIN: 141338579) is a nonprofit organization based in Albany, NY. The organization reported total revenue of $28.8M and total assets of $56.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Albany Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Albany Academy is a large nonprofit that has been operating for 81 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $19.9M |
| Total Expenses | $22.3M |
| Surplus / Deficit | $-2,402,027 |
| Total Assets | $53.7M |
| Total Liabilities | $9.0M |
| Net Assets | $44.7M |
| Operating Margin | -12.1% |
| Debt-to-Asset Ratio | 16.8% |
| Months of Reserves | 28.9 months |
Financial Health Grade: B
In 2023, Albany Academy reported a deficit of $2.4M with expenses exceeding revenue, holds 28.9 months of operating reserves (strong position), has a debt-to-asset ratio of 16.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Albany Academy's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.0% | +2.9% | +1.4% |
| 2022 | -22.1% | +9.3% | -9.8% |
| 2021 | +19.1% | -0.1% | +6.6% |
| 2020 | +10.2% | -1.1% | +6.1% |
| 2019 | +4.5% | +0.6% | +2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1945 |
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 Albany Academy with a Mission Score of 80 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Albany Academy allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $2.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 16.8%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, which is highly unusual for an organization of this size with annual revenues in the tens of millions. This suggests either that compensation is not paid to officers, or it is categorized differently within the IRS 990, which could impact the transparency of executive pay.
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 Albany Academy's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and could indicate a lack of transparency in executive pay reporting.
- Expenses slightly exceeded revenue in the last two reported periods (2022 and 2023), indicating minor operating deficits.
Strengths
The following positive indicators were identified for Albany Academy:
- Strong and growing asset base, increasing from $47,950,929 in 2014 to $53,692,609 in 2023.
- Generally stable financial operations with revenues often exceeding expenses over the past decade.
- Low liabilities relative to assets, with liabilities at $9,001,632 against assets of $53,692,609 in 2023, indicating good financial leverage.
Frequently Asked Questions about Albany Academy
Is Albany Academy a legitimate charity?
Albany Academy (EIN: 141338579) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $28.8M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Albany Academy spend its money?
Albany Academy directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Albany Academy tax-deductible?
Albany Academy is registered as a tax-exempt nonprofit (EIN: 141338579). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Albany Academy's spending goes to programs?
Albany Academy directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Albany Academy located?
Albany Academy is headquartered in Albany, New York and files with the IRS under EIN 141338579.
How many years of IRS 990 filings does Albany Academy have?
Albany Academy has 13 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 $28.8M in total revenue.
Is Albany Academy a good charity?
Based on the available data, Albany Academy appears to be a financially stable organization with a strong asset base and a history of consistent operations. The reported 0% officer compensation is a unique aspect that could be viewed positively for resource allocation, assuming executive functions are adequately compensated through other means or volunteer efforts. The recent trend of expenses slightly exceeding revenue in 2022 and 2023 should be monitored.
How does Albany Academy manage its executive compensation?
All available IRS 990 filings consistently report 0% for officer compensation. This is highly unusual for an organization with annual revenues exceeding $20 million and suggests that executive compensation might be reported under different categories or that the organization relies heavily on volunteer leadership for its top positions, which would be a significant strength in terms of resource allocation.
What is the trend in Albany Academy's financial health?
Albany Academy has generally maintained a healthy financial position with growing assets, from $47,950,929 in 2014 to $53,692,609 in 2023. While most years show revenues exceeding expenses, the most recent two periods (2022 and 2023) show expenses slightly surpassing revenues, indicating a minor operating deficit that warrants attention.
Filing History
IRS 990 filing history for Albany Academy showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Albany Academy's revenue has grown by 26.4%, moving from $15.8M to $19.9M. Total assets increased by 41.4% over the same period, from $38.0M to $53.7M. Total functional expenses rose by 48.3%, from $15.0M to $22.3M. In its most recent filing year (2023), Albany Academy reported a deficit of $2.4M, with expenses exceeding revenue. The organization holds $9.0M in liabilities against $53.7M in assets (debt-to-asset ratio: 16.8%), resulting in net assets of $44.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $19.9M | $22.3M | $53.7M | $9.0M | — | View 990 |
| 2022 | $21.2M | $21.7M | $53.0M | $8.6M | — | View 990 |
| 2021 | $27.2M | $19.8M | $58.7M | $8.6M | — | View 990 |
| 2020 | $22.8M | $19.9M | $55.1M | $10.6M | — | View 990 |
| 2019 | $20.7M | $20.1M | $51.9M | $10.6M | — | View 990 |
| 2018 | $19.8M | $20.0M | $50.6M | $10.3M | — | View 990 |
| 2017 | $20.1M | $19.3M | $50.0M | $10.8M | — | — |
| 2016 | $19.2M | $18.8M | $48.9M | $11.5M | — | View 990 |
| 2015 | $19.2M | $18.4M | $49.4M | $12.2M | — | View 990 |
| 2014 | $20.5M | $17.6M | $48.0M | $11.8M | — | View 990 |
| 2013 | $21.8M | $17.2M | $43.4M | $11.8M | — | View 990 |
| 2012 | $16.0M | $16.4M | $37.6M | $11.8M | — | View 990 |
| 2011 | $15.8M | $15.0M | $38.0M | $10.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $19.9M, expenses of $22.3M, and assets of $53.7M (revenue -6.0% year-over-year).
- 2022: Revenue of $21.2M, expenses of $21.7M, and assets of $53.0M (revenue -22.1% year-over-year).
- 2021: Revenue of $27.2M, expenses of $19.8M, and assets of $58.7M (revenue +19.1% year-over-year).
- 2020: Revenue of $22.8M, expenses of $19.9M, and assets of $55.1M (revenue +10.2% year-over-year).
- 2019: Revenue of $20.7M, expenses of $20.1M, and assets of $51.9M (revenue +4.5% year-over-year).
- 2018: Revenue of $19.8M, expenses of $20.0M, and assets of $50.6M (revenue -1.5% year-over-year).
- 2017: Revenue of $20.1M, expenses of $19.3M, and assets of $50.0M (revenue +4.7% year-over-year).
- 2016: Revenue of $19.2M, expenses of $18.8M, and assets of $48.9M (revenue -0.1% year-over-year).
- 2015: Revenue of $19.2M, expenses of $18.4M, and assets of $49.4M (revenue -6.3% year-over-year).
- 2014: Revenue of $20.5M, expenses of $17.6M, and assets of $48.0M (revenue -5.9% year-over-year).
- 2013: Revenue of $21.8M, expenses of $17.2M, and assets of $43.4M (revenue +35.9% year-over-year).
- 2012: Revenue of $16.0M, expenses of $16.4M, and assets of $37.6M (revenue +1.8% year-over-year).
- 2011: Revenue of $15.8M, expenses of $15.0M, and assets of $38.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Albany Academy:
Data Sources and Methodology
This transparency report for Albany Academy 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.