A L B A T Program Inc
Only null% goes to programs Strong reserves
A L B A T Program Inc is a 501(c)(3) organization based in Medway, Ohio, registered in 1997, with -$531,677 in FY2024 revenue. CharityIndex grades it D.
Po Box 370, Medway, OH, 45341 EIN 31-1488310 Since 1997
Revenue (FY2024)
-$532K
▼ 127.1% vs prior year
Employment median: $367K
Expenses (FY2024)
$545K
Net assets
$12.7M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for A L B A T Program Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating280 mo reserves · -203% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For A L B A T Program Inc: 280 mo reserves · -203% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for A L B A T Program Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For A L B A T Program Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 370, Medway, OH, 45341
- City
- Medway
- State
- Ohio
- Category
- Employment
- Subcategory
- Employment Preparation & Placement
- Website
- …
Financial trends
Revenue declined from -$227K (FY2020) to -$532K (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $12.7M
Operating margin
-202.5%
Spent more than it raised in the latest fiscal year.
Total assets
$12.7M
Total liabilities
$0
Net assets
$12.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | -$531,677▼127% | $544,998▲23.4% | $12,711,800▼4.0% | $12,711,800▼4.4% | 990 |
| 2023 | $1,965,427▼32.9% | $441,532 | $13,243,478▲17.4% | $13,302,193▲16.5% | 990 |
| 2022 | $2,930,622▲5027% | $0 | $11,278,051▲35.1% | $11,420,649▲36.7% | 990 |
| 2021 | -$59,479▲73.7% | $0 | $8,347,430▼0.1% | $8,353,528▼0.5% | 990 |
| 2020 | -$226,548 | $0 | $8,358,081 | $8,399,268 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is A L B A T Program Inc a legitimate nonprofit?
- Yes. A L B A T Program Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 31-1488310, based in Medway, Ohio. Donations are tax-deductible.
- What is A L B A T Program Inc's EIN?
- A L B A T Program Inc's Employer Identification Number (EIN) is 31-1488310.
- How much revenue does A L B A T Program Inc report?
- A L B A T Program Inc reported -$531,677 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does A L B A T Program Inc have?
- CharityIndex grades A L B A T Program Inc D, based on financial health (reserves and operating margin).
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Data for A L B A T Program Inc (EIN 31-1488310) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.