Pennsylvania Affordable Housing Corporation

Analysis

Pennsylvania Affordable Housing Corporation is a registered charity in United States, based in Pittburgh, PA. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Pennsylvania Affordable Housing Corporation reported income of $866k and spending of $997k, spending 115% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $282k to $866k (+208%), an average of +32% a year. The sharpest change came in the year to September 2022, when income rose by 494%. Over the whole period it spent 69% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pennsylvania Affordable Housing Corporation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within PA. Charities of a similar size with the same main cause include Rose of Sharon7 ($866k), Branch15 Inc ($866k) and Ahepa 29 Phase IV Inc ($866k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 49% and program service revenue 26% of the total. Other salaries and wages came to $6,678. At year end it held assets of $2.7m against liabilities of $1.6m, net assets of $1.1m.