Albertine Foundation
Albertine Foundation shows strong revenue growth and asset accumulation with no reported officer compensation.
EIN: 136165672 · New York, NY · NTEE: A230 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.7M |
| Total Expenses | $4.5M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $6 |
| Net Assets | $7.8M |
| Transparency Score | 92/100 |
Is Albertine Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Albertine Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Albertine Foundation
Albertine Foundation (EIN: 136165672) is a nonprofit organization based in New York, NY, classified under NTEE code A230. The organization reported total revenue of $6.7M and total assets of $9.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Albertine Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Albertine Foundation is a mid-size nonprofit that has been operating for 70 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.9M |
| Total Expenses | $4.5M |
| Surplus / Deficit | +$2.3M |
| Total Assets | $8.0M |
| Total Liabilities | $219K |
| Net Assets | $7.8M |
| Operating Margin | 34.3% |
| Debt-to-Asset Ratio | 2.7% |
| Months of Reserves | 21.3 months |
Financial Health Grade: A
In 2023, Albertine Foundation reported a surplus of $2.3M with revenue exceeding expenses, holds 21.3 months of operating reserves (strong position), has a debt-to-asset ratio of 2.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Albertine Foundation's revenue has grown at a compound annual growth rate (CAGR) of 11.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +115.1% | +42.5% | +45.6% |
| 2022 | -28.0% | +63.0% | -5.4% |
| 2021 | +205.1% | +98.7% | +105.7% |
| 2020 | -20.1% | -55.6% | +10.6% |
| 2019 | -28.9% | +2.8% | -20.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1956 |
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 Albertine Foundation with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Albertine Foundation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $2.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.7%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are not receiving salaries from the organization, which is highly unusual for an organization of this size with annual revenues exceeding $6 million.
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 Albertine Foundation's IRS 990 filings:
- Unusually low liabilities relative to assets, which could warrant further investigation into funding sources or asset composition.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data, making a precise efficiency calculation difficult without the full 990.
Strengths
The following positive indicators were identified for Albertine Foundation:
- Consistent 0% officer compensation across all filings, indicating high operational efficiency and dedication to mission.
- Significant and consistent revenue growth, from $1.4M in 2020 to $6.8M in 2023.
- Strong asset growth, increasing from $2.8M in 2020 to $7.9M in 2023.
- Positive net income (revenue exceeding expenses) in most recent years, contributing to financial stability.
- Excellent transparency with 13 years of consistent IRS 990 filings.
Frequently Asked Questions about Albertine Foundation
Is Albertine Foundation a legitimate charity?
Albertine Foundation (EIN: 136165672) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $6.7M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Albertine Foundation spend its money?
Albertine Foundation directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Albertine Foundation tax-deductible?
Albertine Foundation is registered as a tax-exempt nonprofit (EIN: 136165672). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Albertine Foundation CEO make?
Albertine Foundation's highest-compensated officer earns $6 annually. The organization reported $6.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Albertine Foundation's spending goes to programs?
Albertine Foundation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Albertine Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Albertine Foundation is above average for NTEE category A230 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Albertine Foundation located?
Albertine Foundation is headquartered in New York, New York and files with the IRS under EIN 136165672. It is classified under NTEE code A230.
How many years of IRS 990 filings does Albertine Foundation have?
Albertine Foundation 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 $6.7M in total revenue.
Is Albertine Foundation a good charity?
Based on the provided financial data, Albertine Foundation appears to be a very good charity. It demonstrates strong financial health, consistent revenue growth, and a remarkable commitment to efficiency with 0% reported officer compensation across all filings, suggesting a high proportion of funds are directed to its mission.
How has Albertine Foundation's financial health changed over time?
The foundation's financial health has significantly improved. Revenue has grown from $1,308,664 in 2015 to $6,852,363 in 2023, and assets have increased from $4,751,984 in 2015 to $7,995,089 in 2023, with a notable acceleration in growth since 2020.
What is the trend in Albertine Foundation's expenses?
Expenses have fluctuated but generally increased in line with revenue growth. For example, expenses were $2,785,622 in 2015 and $4,502,827 in 2023. Importantly, revenue has outpaced expenses in recent years, leading to surpluses and asset growth.
Does Albertine Foundation have a strong balance sheet?
Yes, the Albertine Foundation has a strong balance sheet. Its assets have consistently grown, reaching $7,995,089 in 2023, while liabilities have remained relatively low ($219,043 in 2023), indicating a healthy financial position and strong net assets.
Filing History
IRS 990 filing history for Albertine Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Albertine Foundation's revenue has grown by 279.9%, moving from $1.8M to $6.9M. Total assets increased by 139.3% over the same period, from $3.3M to $8.0M. Total functional expenses rose by 8.5%, from $4.1M to $4.5M. In its most recent filing year (2023), Albertine Foundation reported a surplus of $2.3M, with revenue exceeding expenses. The organization holds $219K in liabilities against $8.0M in assets (debt-to-asset ratio: 2.7%), resulting in net assets of $7.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.9M | $4.5M | $8.0M | $219K | — | — |
| 2022 | $3.2M | $3.2M | $5.5M | $215K | — | View 990 |
| 2021 | $4.4M | $1.9M | $5.8M | $557K | — | View 990 |
| 2020 | $1.4M | $975K | $2.8M | $60K | — | View 990 |
| 2019 | $1.8M | $2.2M | $2.6M | $819K | — | View 990 |
| 2018 | $2.5M | $2.1M | $3.2M | $1.1M | — | View 990 |
| 2017 | $2.0M | $2.6M | $3.7M | $2.0M | — | View 990 |
| 2016 | $2.7M | $2.9M | $4.6M | $2.4M | — | View 990 |
| 2015 | $1.3M | $2.8M | $4.8M | $2.3M | — | View 990 |
| 2014 | $3.8M | $2.5M | $6.5M | $2.6M | — | View 990 |
| 2013 | $2.5M | $1.4M | $5.1M | $2.5M | — | View 990 |
| 2012 | $5.7M | $5.5M | $4.9M | $3.4M | — | View 990 |
| 2011 | $1.8M | $4.1M | $3.3M | $2.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.9M, expenses of $4.5M, and assets of $8.0M (revenue +115.1% year-over-year).
- 2022: Revenue of $3.2M, expenses of $3.2M, and assets of $5.5M (revenue -28.0% year-over-year).
- 2021: Revenue of $4.4M, expenses of $1.9M, and assets of $5.8M (revenue +205.1% year-over-year).
- 2020: Revenue of $1.4M, expenses of $975K, and assets of $2.8M (revenue -20.1% year-over-year).
- 2019: Revenue of $1.8M, expenses of $2.2M, and assets of $2.6M (revenue -28.9% year-over-year).
- 2018: Revenue of $2.5M, expenses of $2.1M, and assets of $3.2M (revenue +26.4% year-over-year).
- 2017: Revenue of $2.0M, expenses of $2.6M, and assets of $3.7M (revenue -24.7% year-over-year).
- 2016: Revenue of $2.7M, expenses of $2.9M, and assets of $4.6M (revenue +104.8% year-over-year).
- 2015: Revenue of $1.3M, expenses of $2.8M, and assets of $4.8M (revenue -65.9% year-over-year).
- 2014: Revenue of $3.8M, expenses of $2.5M, and assets of $6.5M (revenue +55.8% year-over-year).
- 2013: Revenue of $2.5M, expenses of $1.4M, and assets of $5.1M (revenue -56.5% year-over-year).
- 2012: Revenue of $5.7M, expenses of $5.5M, and assets of $4.9M (revenue +213.2% year-over-year).
- 2011: Revenue of $1.8M, expenses of $4.1M, and assets of $3.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Albertine Foundation:
Data Sources and Methodology
This transparency report for Albertine Foundation 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.