Northeastern Association Of The Blind At Albany Inc
Northeastern Association Of The Blind At Albany Inc consistently manages expenses below revenue with no reported officer compensation.
EIN: 141338302 · Albany, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12.8M |
| Total Expenses | $7.0M |
| Program Spending | 90% |
| Net Assets | $813K |
| Transparency Score | 85/100 |
Is Northeastern Association Of The Blind At Albany Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Northeastern Association Of The Blind At Albany Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Northeastern Association Of The Blind At Albany Inc
Northeastern Association Of The Blind At Albany Inc (EIN: 141338302) is a nonprofit organization based in Albany, NY. The organization reported total revenue of $12.8M and total assets of $5.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northeastern Association Of The Blind At Albany Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Northeastern Association Of The Blind At Albany Inc is a large nonprofit that has been operating for 78 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.6M |
| Total Expenses | $7.0M |
| Surplus / Deficit | +$655K |
| Total Assets | $6.6M |
| Total Liabilities | $5.7M |
| Net Assets | $813K |
| Operating Margin | 8.6% |
| Debt-to-Asset Ratio | 87.6% |
| Months of Reserves | 11.3 months |
Financial Health Grade: A
In 2023, Northeastern Association Of The Blind At Albany Inc reported a surplus of $655K with revenue exceeding expenses, holds 11.3 months of operating reserves (strong position), has a debt-to-asset ratio of 87.6% (high leverage).
Financial Trends
Over 14 years of filings (2011–2023), Northeastern Association Of The Blind At Albany Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +33.5% | +16.1% | +9.5% |
| 2022 | -9.4% | +3.0% | -4.1% |
| 2021 | +14.4% | +6.0% | +2.3% |
| 2020 | -12.2% | -18.8% | +1.0% |
| 2019 | -5.9% | -6.6% | -8.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1948 |
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 Northeastern Association Of The Blind At Albany 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: 90%
- fundraising: 0%
According to IRS 990 filings, Northeastern Association Of The Blind At Albany Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $655K, with revenue exceeding expenses.
- Debt-to-asset ratio: 87.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual and suggests that executive leadership may be compensated through other means not categorized as 'officer compensation' or that the organization operates with a volunteer executive structure, significantly reducing overhead.
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 Northeastern Association Of The Blind At Albany Inc's IRS 990 filings:
- Lack of detailed functional expense breakdown (programs, admin, fundraising) in provided data
- Unusual 0% officer compensation reported, which may obscure actual executive remuneration if compensated through other means
Strengths
The following positive indicators were identified for Northeastern Association Of The Blind At Albany Inc:
- Consistent revenue exceeding expenses in recent years (e.g., 2023 surplus of $655,231)
- Strong asset position relative to liabilities (e.g., 2023 assets $6,560,519 vs. liabilities $5,748,004)
- Consistent reporting of 0% officer compensation, suggesting high efficiency or volunteer leadership
- Long history of IRS 990 filings (14 filings), indicating transparency
Frequently Asked Questions about Northeastern Association Of The Blind At Albany Inc
Is Northeastern Association Of The Blind At Albany Inc a legitimate charity?
Northeastern Association Of The Blind At Albany Inc (EIN: 141338302) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $12.8M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Northeastern Association Of The Blind At Albany Inc spend its money?
Northeastern Association Of The Blind At Albany Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Northeastern Association Of The Blind At Albany Inc tax-deductible?
Northeastern Association Of The Blind At Albany Inc is registered as a tax-exempt nonprofit (EIN: 141338302). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Northeastern Association Of The Blind At Albany Inc located?
Northeastern Association Of The Blind At Albany Inc is headquartered in Albany, New York and files with the IRS under EIN 141338302.
How many years of IRS 990 filings does Northeastern Association Of The Blind At Albany Inc have?
Northeastern Association Of The Blind At Albany Inc 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 $12.8M in total revenue.
Is Northeastern Association Of The Blind At Albany Inc a good charity?
Based on the available data, the organization appears to be a good charity. It consistently manages its finances responsibly, with revenue generally exceeding expenses (e.g., $7,637,918 revenue vs. $6,982,687 expenses in 2023), and reports 0% officer compensation, suggesting a strong focus on mission-related spending.
How does the organization manage its executive compensation?
The organization consistently reports 0% officer compensation in its IRS 990 filings. This is a significant indicator that either executive leadership is entirely volunteer-based, or their compensation is categorized differently within the financial statements, which would require further investigation to understand fully.
What is the trend in the organization's financial health?
The organization shows a stable to improving financial trend. In 2023, it reported a surplus of over $650,000 ($7,637,918 revenue - $6,982,687 expenses), and its assets ($6,560,519) comfortably exceeded liabilities ($5,748,004). While there have been periods of minor deficits, the overall trend indicates responsible financial management.
Filing History
IRS 990 filing history for Northeastern Association Of The Blind At Albany Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Northeastern Association Of The Blind At Albany Inc's revenue has grown by 60.6%, moving from $4.8M to $7.6M. Total assets increased by 40.5% over the same period, from $4.7M to $6.6M. Total functional expenses rose by 50.2%, from $4.6M to $7.0M. In its most recent filing year (2023), Northeastern Association Of The Blind At Albany Inc reported a surplus of $655K, with revenue exceeding expenses. The organization holds $5.7M in liabilities against $6.6M in assets (debt-to-asset ratio: 87.6%), resulting in net assets of $813K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.6M | $7.0M | $6.6M | $5.7M | — | — |
| 2022 | $5.7M | $6.0M | $6.0M | $5.9M | — | View 990 |
| 2021 | $6.3M | $5.8M | $6.2M | $6.7M | — | View 990 |
| 2020 | $5.5M | $5.5M | $6.1M | $6.6M | — | View 990 |
| 2019 | $6.3M | $6.8M | $6.0M | $6.5M | — | View 990 |
| 2018 | $6.7M | $7.3M | $6.6M | $6.5M | — | View 990 |
| 2017 | $5.4M | $5.8M | $5.3M | $5.3M | — | — |
| 2016 | $5.5M | $5.5M | $5.1M | $4.6M | — | View 990 |
| 2015 | $7.9M | $7.6M | $5.7M | $5.4M | — | View 990 |
| 2014 | $6.2M | $6.1M | $5.1M | $5.1M | — | View 990 |
| 2013 | $5.7M | $5.5M | $5.7M | $5.4M | — | View 990 |
| 2012 | $1.1M | $1.2M | $4.7M | $5.3M | — | View 990 |
| 2012 | $4.7M | $4.6M | $4.7M | $5.2M | — | View 990 |
| 2011 | $4.8M | $4.6M | $4.7M | $4.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.6M, expenses of $7.0M, and assets of $6.6M (revenue +33.5% year-over-year).
- 2022: Revenue of $5.7M, expenses of $6.0M, and assets of $6.0M (revenue -9.4% year-over-year).
- 2021: Revenue of $6.3M, expenses of $5.8M, and assets of $6.2M (revenue +14.4% year-over-year).
- 2020: Revenue of $5.5M, expenses of $5.5M, and assets of $6.1M (revenue -12.2% year-over-year).
- 2019: Revenue of $6.3M, expenses of $6.8M, and assets of $6.0M (revenue -5.9% year-over-year).
- 2018: Revenue of $6.7M, expenses of $7.3M, and assets of $6.6M (revenue +24.2% year-over-year).
- 2017: Revenue of $5.4M, expenses of $5.8M, and assets of $5.3M (revenue -1.6% year-over-year).
- 2016: Revenue of $5.5M, expenses of $5.5M, and assets of $5.1M (revenue -30.6% year-over-year).
- 2015: Revenue of $7.9M, expenses of $7.6M, and assets of $5.7M (revenue +26.6% year-over-year).
- 2014: Revenue of $6.2M, expenses of $6.1M, and assets of $5.1M (revenue +9.0% year-over-year).
- 2013: Revenue of $5.7M, expenses of $5.5M, and assets of $5.7M (revenue +397.1% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.2M, and assets of $4.7M (revenue -75.4% year-over-year).
- 2012: Revenue of $4.7M, expenses of $4.6M, and assets of $4.7M (revenue -1.8% year-over-year).
- 2011: Revenue of $4.8M, expenses of $4.6M, and assets of $4.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Northeastern Association Of The Blind At Albany Inc:
Data Sources and Methodology
This transparency report for Northeastern Association Of The Blind At Albany 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.