Albany Research Institute Inc
Albany Research Institute Inc shows consistent revenue growth and zero reported officer compensation.
EIN: 141716021 · Albany, NY · NTEE: U5XZ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $2.9M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $992K |
| Transparency Score | 85/100 |
Is Albany Research Institute Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Albany Research Institute Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Albany Research Institute Inc
Albany Research Institute Inc (EIN: 141716021) is a nonprofit organization based in Albany, NY, classified under NTEE code U5XZ. The organization reported total revenue of $2.7M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Albany Research Institute Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Albany Research Institute Inc is a mid-size nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.1M |
| Total Expenses | $2.9M |
| Surplus / Deficit | +$228K |
| Total Assets | $1.2M |
| Total Liabilities | $223K |
| Net Assets | $992K |
| Operating Margin | 7.4% |
| Debt-to-Asset Ratio | 18.4% |
| Months of Reserves | 5.1 months |
Financial Health Grade: A
In 2023, Albany Research Institute Inc reported a surplus of $228K with revenue exceeding expenses, holds 5.1 months of operating reserves (adequate), has a debt-to-asset ratio of 18.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Albany Research Institute Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.4% | +23.4% | +24.9% |
| 2022 | -20.9% | -21.6% | -3.0% |
| 2021 | +121.0% | +137.8% | +37.1% |
| 2020 | +309.7% | +297.2% | +28.3% |
| 2019 | -15.9% | -25.0% | +1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Research Institute 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Albany Research Institute Inc 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 surplus of $228K, with revenue exceeding expenses.
- Debt-to-asset ratio: 18.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be volunteer-based or compensated through non-officer categories, which is a positive indicator for resource allocation relative to its size and revenue of over $3 million in 2023.
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 Research Institute Inc's IRS 990 filings:
- Lack of detailed functional expense breakdown in provided data prevents precise spending efficiency analysis.
Strengths
The following positive indicators were identified for Albany Research Institute Inc:
- Consistent revenue growth, from $331,085 in 2019 to $3,092,014 in 2023.
- Zero reported officer compensation across all available filings.
- Healthy asset growth, from $570,089 in 2019 to $1,215,419 in 2023.
- Liabilities consistently low relative to assets, indicating strong financial stability.
- Regular and transparent IRS 990 filings (13 filings).
Frequently Asked Questions about Albany Research Institute Inc
Is Albany Research Institute Inc a legitimate charity?
Albany Research Institute Inc (EIN: 141716021) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.7M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Albany Research Institute Inc spend its money?
Albany Research Institute Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Albany Research Institute Inc tax-deductible?
Albany Research Institute Inc is registered as a tax-exempt nonprofit (EIN: 141716021). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Albany Research Institute Inc CEO make?
Albany Research Institute Inc's highest-compensated officer earns $3 annually. The organization reported $2.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Albany Research Institute Inc's spending goes to programs?
Albany Research Institute Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Albany Research Institute Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Albany Research Institute Inc is above average for NTEE category U5XZ nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Albany Research Institute Inc located?
Albany Research Institute Inc is headquartered in Albany, New York and files with the IRS under EIN 141716021. It is classified under NTEE code U5XZ.
How many years of IRS 990 filings does Albany Research Institute Inc have?
Albany Research Institute Inc 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 $2.7M in total revenue.
Is Albany Research Institute Inc a good charity?
Based on its consistent financial health, growing assets, and zero reported officer compensation, Albany Research Institute Inc appears to be a well-managed organization. However, a detailed breakdown of program, administrative, and fundraising expenses would provide a more complete picture of its efficiency.
How has the organization's financial health changed over time?
Albany Research Institute Inc has shown significant financial growth, with revenue increasing from $331,085 in 2019 to $3,092,014 in 2023. Assets have also more than doubled in the same period, from $570,089 to $1,215,419, indicating strong financial health and expansion.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation in its IRS 990 filings, suggesting a commitment to minimizing overhead in this area, potentially through volunteer leadership or alternative compensation structures.
Filing History
IRS 990 filing history for Albany Research Institute Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Albany Research Institute Inc's revenue has grown by 562.7%, moving from $467K to $3.1M. Total assets increased by 76.8% over the same period, from $687K to $1.2M. Total functional expenses rose by 447.3%, from $523K to $2.9M. In its most recent filing year (2023), Albany Research Institute Inc reported a surplus of $228K, with revenue exceeding expenses. The organization holds $223K in liabilities against $1.2M in assets (debt-to-asset ratio: 18.4%), resulting in net assets of $992K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.1M | $2.9M | $1.2M | $223K | — | — |
| 2022 | $2.4M | $2.3M | $973K | $209K | — | View 990 |
| 2021 | $3.0M | $3.0M | $1.0M | $290K | — | View 990 |
| 2020 | $1.4M | $1.2M | $731K | $57K | — | View 990 |
| 2019 | $331K | $313K | $570K | $8K | — | View 990 |
| 2018 | $394K | $418K | $560K | $16K | — | View 990 |
| 2017 | $611K | $725K | $617K | $48K | — | View 990 |
| 2016 | $952K | $923K | $731K | $48K | — | View 990 |
| 2015 | $661K | $726K | $698K | $43K | — | View 990 |
| 2014 | $657K | $758K | $765K | $46K | — | View 990 |
| 2013 | $812K | $696K | $849K | $28K | — | View 990 |
| 2012 | $621K | $594K | $728K | $24K | — | View 990 |
| 2011 | $467K | $523K | $687K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.1M, expenses of $2.9M, and assets of $1.2M (revenue +30.4% year-over-year).
- 2022: Revenue of $2.4M, expenses of $2.3M, and assets of $973K (revenue -20.9% year-over-year).
- 2021: Revenue of $3.0M, expenses of $3.0M, and assets of $1.0M (revenue +121.0% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.2M, and assets of $731K (revenue +309.7% year-over-year).
- 2019: Revenue of $331K, expenses of $313K, and assets of $570K (revenue -15.9% year-over-year).
- 2018: Revenue of $394K, expenses of $418K, and assets of $560K (revenue -35.5% year-over-year).
- 2017: Revenue of $611K, expenses of $725K, and assets of $617K (revenue -35.9% year-over-year).
- 2016: Revenue of $952K, expenses of $923K, and assets of $731K (revenue +43.9% year-over-year).
- 2015: Revenue of $661K, expenses of $726K, and assets of $698K (revenue +0.7% year-over-year).
- 2014: Revenue of $657K, expenses of $758K, and assets of $765K (revenue -19.1% year-over-year).
- 2013: Revenue of $812K, expenses of $696K, and assets of $849K (revenue +30.7% year-over-year).
- 2012: Revenue of $621K, expenses of $594K, and assets of $728K (revenue +33.1% year-over-year).
- 2011: Revenue of $467K, expenses of $523K, and assets of $687K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Albany Research Institute Inc:
Data Sources and Methodology
This transparency report for Albany Research Institute 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.