Alexandria Affordable Housing Corporation

Analysis

Alexandria Affordable Housing Corporation is a registered charity in United States, based in Alexandria, LA. It received its IRS tax-exemption ruling in July 2004, 22 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Alexandria Affordable Housing Corporation reported income of $883k and spending of -$239k, leaving 127% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.5m to $883k (-65%), an average of -23% a year. The sharpest change came in the year to December 2022, when income rose by 166%. Over the whole period it spent 18% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Alexandria Affordable Housing Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within LA. Charities of a similar size with the same main cause include Volunteers of America Inc ($883k), South Central Housing Inc ($884k) and Habitat for Humanity International Inc ($883k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% of the total. At year end it held assets of $4.7m against liabilities of $0, net assets of $4.7m.