Albany Institute Of History And Art
Albany Institute Of History And Art faces recent operating deficits despite stable asset base.
EIN: 141343061 · Albany, NY · NTEE: A51Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.2M |
| Total Expenses | $2.2M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $11 |
| Net Assets | $10.5M |
| Transparency Score | 70/100 |
Is Albany Institute Of History And Art Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Albany Institute Of History And Art directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Albany Institute Of History And Art
Albany Institute Of History And Art (EIN: 141343061) is a nonprofit organization based in Albany, NY, classified under NTEE code A51Z. The organization reported total revenue of $3.2M and total assets of $11.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Albany Institute Of History And Art's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Albany Institute Of History And Art is a mid-size nonprofit that has been operating for 84 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $2.2M |
| Surplus / Deficit | $-984,752 |
| Total Assets | $11.4M |
| Total Liabilities | $898K |
| Net Assets | $10.5M |
| Operating Margin | -80.8% |
| Debt-to-Asset Ratio | 7.9% |
| Months of Reserves | 62.0 months |
Financial Health Grade: B
In 2023, Albany Institute Of History And Art reported a deficit of $985K with expenses exceeding revenue, holds 62.0 months of operating reserves (strong position), has a debt-to-asset ratio of 7.9% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Albany Institute Of History And Art's revenue has declined at a compound annual growth rate (CAGR) of -1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -42.4% | +2.8% | -4.8% |
| 2022 | +7.1% | +14.1% | -6.5% |
| 2021 | +29.2% | -1.1% | +9.3% |
| 2020 | -41.5% | -4.3% | -0.7% |
| 2019 | +57.7% | -2.2% | +8.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1942 |
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 Institute Of History And Art with a Mission Score of 70 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: 75%
- fundraising: 10%
According to IRS 990 filings, Albany Institute Of History And Art allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $985K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with over $11 million in assets and annual expenses exceeding $2 million. This suggests either a fully volunteer leadership or compensation structured in a way that is not reported as 'officer compensation' on the 990, requiring further scrutiny for a complete understanding of executive costs.
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 Institute Of History And Art's IRS 990 filings:
- Recurring operational deficits (e.g., $984,752 in 2023, $28,155 in 2022, $370,885 in 2020)
- Consistent reporting of 0% officer compensation, which is unusual for an organization of this scale and warrants further investigation.
Strengths
The following positive indicators were identified for Albany Institute Of History And Art:
- Substantial and stable asset base, consistently over $11 million, providing financial cushion.
- Long history of IRS 990 filings (14 filings), indicating transparency and compliance.
- Clear alignment with its NTEE code (A51Z - Historical Societies and Museums) and mission.
Frequently Asked Questions about Albany Institute Of History And Art
Is Albany Institute Of History And Art a legitimate charity?
Albany Institute Of History And Art (EIN: 141343061) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 14 years of IRS 990 filings on record. Total revenue: $3.2M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Albany Institute Of History And Art spend its money?
Albany Institute Of History And Art directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Albany Institute Of History And Art tax-deductible?
Albany Institute Of History And Art is registered as a tax-exempt nonprofit (EIN: 141343061). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Albany Institute Of History And Art CEO make?
Albany Institute Of History And Art's highest-compensated officer earns $11 annually. The organization reported $3.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Albany Institute Of History And Art's spending goes to programs?
Albany Institute Of History And Art directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Albany Institute Of History And Art compare to similar nonprofits?
With a transparency score of 70/100 (Good), Albany Institute Of History And Art is above average for NTEE category A51Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Albany Institute Of History And Art located?
Albany Institute Of History And Art is headquartered in Albany, New York and files with the IRS under EIN 141343061. It is classified under NTEE code A51Z.
How many years of IRS 990 filings does Albany Institute Of History And Art have?
Albany Institute Of History And Art has 14 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 $3.2M in total revenue.
Why does the Albany Institute Of History And Art consistently report 0% officer compensation?
The consistent reporting of 0% officer compensation across all available filings is highly unusual for an organization of this size and operational scope. It suggests that either the top leadership is entirely volunteer-based, or their compensation is categorized differently within the IRS 990, such as through a related organization or as general staff salaries rather than specific officer compensation. Further investigation into the detailed 990 forms would be necessary to clarify this.
What is causing the recent operational deficits, such as the $984,752 deficit in 2023?
The provided data indicates that expenses have exceeded revenue in several recent periods, most notably in 2023 where expenses were $2,203,991 against revenues of $1,219,239. Without a detailed breakdown of expense categories or revenue sources, it's difficult to pinpoint the exact causes. It could be due to declining donations, lower attendance/program fees, increased operational costs, or a combination of factors. A deeper dive into the detailed 990s would be needed to understand the specific drivers.
How does the organization plan to address its recurring operational deficits?
The provided summary data does not include information on the organization's strategies to address its recurring operational deficits. Given the trend of expenses exceeding revenue in recent years (e.g., 2023, 2022, 2020), it would be crucial for the organization to implement strategies such as enhanced fundraising efforts, endowment draws, or expense reductions to ensure long-term financial sustainability.
Filing History
IRS 990 filing history for Albany Institute Of History And Art showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Albany Institute Of History And Art's revenue has declined by 15.8%, moving from $1.4M to $1.2M. Total assets decreased by 25.4% over the same period, from $15.3M to $11.4M. Total functional expenses fell by 3.8%, from $2.3M to $2.2M. In its most recent filing year (2023), Albany Institute Of History And Art reported a deficit of $985K, with expenses exceeding revenue. The organization holds $898K in liabilities against $11.4M in assets (debt-to-asset ratio: 7.9%), resulting in net assets of $10.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $2.2M | $11.4M | $898K | — | — |
| 2022 | $2.1M | $2.1M | $12.0M | $1.1M | — | View 990 |
| 2021 | $2.0M | $1.9M | $12.8M | $1.1M | — | View 990 |
| 2020 | $1.5M | $1.9M | $11.7M | $439K | — | View 990 |
| 2019 | $2.6M | $2.0M | $11.8M | $353K | — | View 990 |
| 2018 | $1.7M | $2.0M | $10.9M | $387K | — | View 990 |
| 2017 | $1.3M | $1.9M | $11.4M | $429K | — | View 990 |
| 2016 | $1.1M | $1.7M | $11.7M | $409K | — | View 990 |
| 2015 | $1.2M | $1.8M | $12.1M | $367K | — | View 990 |
| 2014 | $2.8M | $2.1M | $12.9M | $518K | — | View 990 |
| 2013 | $1.8M | $2.0M | $13.9M | $1.9M | — | View 990 |
| 2012 | $1.2M | $2.1M | $14.2M | $2.2M | — | View 990 |
| 2011 | $2.3M | $2.4M | $14.8M | $2.3M | — | View 990 |
| 2010 | $1.4M | $2.3M | $15.3M | $2.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $2.2M, and assets of $11.4M (revenue -42.4% year-over-year).
- 2022: Revenue of $2.1M, expenses of $2.1M, and assets of $12.0M (revenue +7.1% year-over-year).
- 2021: Revenue of $2.0M, expenses of $1.9M, and assets of $12.8M (revenue +29.2% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.9M, and assets of $11.7M (revenue -41.5% year-over-year).
- 2019: Revenue of $2.6M, expenses of $2.0M, and assets of $11.8M (revenue +57.7% year-over-year).
- 2018: Revenue of $1.7M, expenses of $2.0M, and assets of $10.9M (revenue +25.5% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.9M, and assets of $11.4M (revenue +17.6% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.7M, and assets of $11.7M (revenue -9.0% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.8M, and assets of $12.1M (revenue -55.7% year-over-year).
- 2014: Revenue of $2.8M, expenses of $2.1M, and assets of $12.9M (revenue +50.8% year-over-year).
- 2013: Revenue of $1.8M, expenses of $2.0M, and assets of $13.9M (revenue +49.9% year-over-year).
- 2012: Revenue of $1.2M, expenses of $2.1M, and assets of $14.2M (revenue -47.2% year-over-year).
- 2011: Revenue of $2.3M, expenses of $2.4M, and assets of $14.8M (revenue +61.2% year-over-year).
- 2010: Revenue of $1.4M, expenses of $2.3M, and assets of $15.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Albany Institute Of History And Art:
Data Sources and Methodology
This transparency report for Albany Institute Of History And Art 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.