Albert P Close Foundation Inc
Only null% goes to programs Strong reserves Growing revenue
Albert P Close Foundation Inc is a 501(c)(3) organization based in Bel Air, Maryland, registered in 2002, with $54,569 in FY2024 revenue. CharityIndex grades it B.
48 E Gordon St, Bel Air, MD, 21014 EIN 75-2973365 Since 2002
Revenue (FY2024)
$55K
▲ 74.3% vs prior year
Youth median: $163K
Expenses (FY2024)
$44K
Net assets
$162K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—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 Albert P Close Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating44 mo reserves · +19% 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 Albert P Close Foundation Inc: 44 mo reserves · +19% margin earns a A 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 Albert P Close Foundation 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 Albert P Close Foundation Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 48 E Gordon St, Bel Air, MD, 21014
- City
- Bel Air
- State
- Maryland
- Category
- Youth Development
- Subcategory
- Youth Development Programs
- Website
- …
Financial trends
Revenue grew from $23K (FY2010) to $55K (FY2024) across 15 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $162K
Operating margin
19.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$162K
Total liabilities
$0
Net assets
$162K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $54,569▲74.3% | $44,051▼10.9% | $161,647▲7.0% | $161,647▲7.0% | 990EZ |
| 2023 | $31,309▼15.0% | $49,457▼3.8% | $151,129▼10.7% | $151,129▼10.7% | 990EZ |
| 2022 | $36,826▲23.6% | $51,393▲28.1% | $169,277▼7.9% | $169,277▼7.9% | 990EZ |
| 2021 | $29,799▼46.2% | $40,107▲11.5% | $183,844▼5.3% | $183,844▼5.3% | 990EZ |
| 2020 | $55,416▲138% | $35,964▲13.2% | $194,152▲11.1% | $194,152▲11.1% | 990EZ |
| 2019 | $23,311▼28.4% | $31,777▼18.1% | $174,700▼4.6% | $174,700▼4.6% | 990EZ |
| 2018 | $32,557▲23.1% | $38,784▲28.0% | $183,166▼3.3% | $183,166▼3.3% | 990EZ |
| 2017 | $26,452▼25.0% | $30,293▲92.4% | $189,393▼2.0% | $189,393▼2.0% | 990EZ |
| 2016 | $35,292▲73.0% | $15,746▼48.6% | $193,234▲11.3% | $193,234▲11.3% | 990EZ |
| 2015 | $20,405▼35.5% | $30,660▲32.4% | $173,688▼5.6% | $173,688▼5.6% | 990EZ |
| 2014 | $31,636▲34.4% | $23,158▲14.1% | $183,943▲4.8% | $183,943▲4.8% | 990EZ |
| 2013 | $23,540▲25.7% | $20,292▲37.9% | $175,465▲1.9% | $175,465▲1.9% | 990EZ |
| 2012 | $18,724▲17.9% | $14,717▼3.5% | $172,217▲2.4% | $172,217▲2.4% | 990EZ |
| 2011 | $15,882▼31.5% | $15,256▼5.9% | $168,210▲0.4% | $168,210▲0.4% | 990EZ |
| 2010 | $23,186 | $16,218 | $167,584 | $167,584 | 990EZ |
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 Albert P Close Foundation Inc a legitimate nonprofit?
- Yes. Albert P Close Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 75-2973365, based in Bel Air, Maryland. Donations are tax-deductible.
- What is Albert P Close Foundation Inc's EIN?
- Albert P Close Foundation Inc's Employer Identification Number (EIN) is 75-2973365.
- How much revenue does Albert P Close Foundation Inc report?
- Albert P Close Foundation Inc reported $54,569 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Albert P Close Foundation Inc have?
- CharityIndex grades Albert P Close Foundation Inc B, based on financial health (reserves and operating margin).
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Data for Albert P Close Foundation Inc (EIN 75-2973365) 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.