Almy was born in Middletown, Rhode Island on Christmas Eve of 1892. In 1913 he took a position as a draftsman with Fall River architect Edward M. Corbett. He was educated at Northeastern College in Boston from 1919 to 1923, returning to Corbett after his graduation. He later became Corbett's business partner, and opened his own office soon afterwards, in 1935. He practiced alone until his death on December 14, 1963.
After his death, the firm became Israel T. Almy Associates, with Almy's son, Thomas B. Almy, as principal. The firm was later reduced to simply Almy Associates, with offices in Somerset.
Works
1936 - Somerset High School (Old), 625 County St, Somerset, Massachusetts
Demolished in 2014
1937 - Henry F. Anthony School, 51 Middle Rd, Portsmouth, Rhode Island
1938 - Westport Town Hall, 816 Main St, Westport, Massachusetts
1939 - Sunset Hill Apartments, Sunset Hill, Fall River, Massachusetts
In association with Samuel T. Dubitsky
1948 - Strand Theater (Remodeling), 1363 Pleasant St, Fall River, Massachusetts