Albany College Of Pharmacy And Health Sciences
Albany College Of Pharmacy And Health Sciences maintains strong assets despite recent operational deficits.
EIN: 141423161 · Albany, NY · NTEE: B500 · Updated: 2026-03-28
Is Albany College Of Pharmacy And Health Sciences Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Albany College Of Pharmacy And Health Sciences directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Albany College Of Pharmacy And Health Sciences
Albany College Of Pharmacy And Health Sciences (EIN: 141423161) is a nonprofit organization based in Albany, NY, classified under NTEE code B500. The organization reported total revenue of $78.9M and total assets of $140.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Albany College Of Pharmacy And Health Sciences's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1926 |
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 College Of Pharmacy And Health Sciences with a Mission Score of 75 out of 100 (Good). 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, Albany College Of Pharmacy And Health Sciences 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 $763K, with expenses exceeding revenue.
- Debt-to-asset ratio: 28.4%.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all available filings is unusual for an organization of this size and revenue, suggesting that executive compensation may be reported under other expense categories or not disclosed in this specific field, which impacts transparency.
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 College Of Pharmacy And Health Sciences's IRS 990 filings:
- Consistent reporting of 0% officer compensation, which may indicate a lack of detailed executive pay disclosure or reporting under other categories.
- Recent trend of expenses exceeding revenue in the last two fiscal periods (2023 and 2022).
Strengths
The following positive indicators were identified for Albany College Of Pharmacy And Health Sciences:
- Strong and growing asset base, exceeding $140 million, providing financial stability.
- Consistent revenue generation, generally above $60 million annually.
- Long history of IRS 990 filings (13 filings), indicating consistent compliance.
Frequently Asked Questions about Albany College Of Pharmacy And Health Sciences
Is Albany College Of Pharmacy And Health Sciences a legitimate charity?
Based on AI analysis of IRS 990 filings, Albany College Of Pharmacy And Health Sciences (EIN: 141423161) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Albany College Of Pharmacy And Health Sciences spend its money?
Albany College Of Pharmacy And Health Sciences directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Albany College Of Pharmacy And Health Sciences tax-deductible?
Albany College Of Pharmacy And Health Sciences is registered as a tax-exempt nonprofit (EIN: 141423161). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Albany College Of Pharmacy And Health Sciences experiencing a trend of increasing operational deficits?
Yes, in the last two reported periods (2023 and 2022), expenses ($65,906,803 and $65,073,123 respectively) exceeded revenues ($65,144,183 and $61,244,445 respectively), indicating recent operational deficits.
How does Albany College Of Pharmacy And Health Sciences fund its operations given recent deficits?
Despite recent operational deficits, the organization maintains a strong asset base (over $140 million), which can absorb short-term deficits. It's likely funded through a combination of endowment drawdowns, investment income, or other non-operating revenues not fully detailed in the provided summary.
What is the trend in the organization's assets?
The organization's assets have generally increased over the decade, from $122,789,201 in 2014 to $144,542,300 in 2023, indicating long-term financial growth and stability, though there was a slight dip from $159,389,370 in 2021.
Filing History
IRS 990 filing history for Albany College Of Pharmacy And Health Sciences showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Albany College Of Pharmacy And Health Sciences's revenue has grown by 22.9%, moving from $53.0M to $65.1M. Total assets increased by 37% over the same period, from $105.5M to $144.5M. Total functional expenses rose by 40.2%, from $47.0M to $65.9M. In its most recent filing year (2023), Albany College Of Pharmacy And Health Sciences reported a deficit of $763K, with expenses exceeding revenue. The organization holds $41.1M in liabilities against $144.5M in assets (debt-to-asset ratio: 28.4%), resulting in net assets of $103.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $65.1M | $65.9M | $144.5M | $41.1M | — | — |
| 2022 | $61.2M | $65.1M | $143.4M | $38.3M | — | View 990 |
| 2021 | $62.2M | $62.9M | $159.4M | $38.9M | — | View 990 |
| 2020 | $69.2M | $64.3M | $139.2M | $34.6M | — | View 990 |
| 2019 | $65.1M | $63.4M | $138.6M | $36.7M | — | View 990 |
| 2018 | $61.9M | $59.2M | $135.4M | $36.6M | — | — |
| 2017 | $58.7M | $57.3M | $131.6M | $37.8M | — | View 990 |
| 2016 | $58.3M | $56.6M | $126.5M | $38.8M | — | View 990 |
| 2015 | $61.8M | $56.4M | $126.0M | $39.8M | — | View 990 |
| 2014 | $61.4M | $55.7M | $122.8M | $42.0M | — | View 990 |
| 2013 | $59.0M | $53.9M | $116.9M | $43.7M | — | View 990 |
| 2012 | $56.4M | $50.3M | $110.5M | $43.6M | — | View 990 |
| 2011 | $53.0M | $47.0M | $105.5M | $44.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $65.1M, expenses of $65.9M, and assets of $144.5M (revenue +6.4% year-over-year).
- 2022: Revenue of $61.2M, expenses of $65.1M, and assets of $143.4M (revenue -1.5% year-over-year).
- 2021: Revenue of $62.2M, expenses of $62.9M, and assets of $159.4M (revenue -10.1% year-over-year).
- 2020: Revenue of $69.2M, expenses of $64.3M, and assets of $139.2M (revenue +6.2% year-over-year).
- 2019: Revenue of $65.1M, expenses of $63.4M, and assets of $138.6M (revenue +5.3% year-over-year).
- 2018: Revenue of $61.9M, expenses of $59.2M, and assets of $135.4M (revenue +5.4% year-over-year).
- 2017: Revenue of $58.7M, expenses of $57.3M, and assets of $131.6M (revenue +0.6% year-over-year).
- 2016: Revenue of $58.3M, expenses of $56.6M, and assets of $126.5M (revenue -5.6% year-over-year).
- 2015: Revenue of $61.8M, expenses of $56.4M, and assets of $126.0M (revenue +0.7% year-over-year).
- 2014: Revenue of $61.4M, expenses of $55.7M, and assets of $122.8M (revenue +4.1% year-over-year).
- 2013: Revenue of $59.0M, expenses of $53.9M, and assets of $116.9M (revenue +4.5% year-over-year).
- 2012: Revenue of $56.4M, expenses of $50.3M, and assets of $110.5M (revenue +6.5% year-over-year).
- 2011: Revenue of $53.0M, expenses of $47.0M, and assets of $105.5M.
Data Sources and Methodology
This transparency report for Albany College Of Pharmacy And Health Sciences 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.