Stewards of Affordable Housing for the Future

Analysis

Stewards of Affordable Housing for the Future is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2003, 23 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, Stewards of Affordable Housing for the Future reported income of $7.4m and spending of $2.8m, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $7.4m (+286%), an average of +40% a year. The sharpest change came in the year to December 2020, when income rose by 207%. Over the whole period it spent 61% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Stewards of Affordable Housing for the Future sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 84th percentile within DC. Charities of a similar size with the same main cause include Pacific House Inc ($7.4m), Habitat for Humanity International Inc ($7.4m) and Everglades Community Association Incorporated ($7.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 5.7% of the total. Compensation of current officers, directors and key employees was $901k (32% of expenses). Other salaries and wages came to $474k. At year end it held assets of $11.1m against liabilities of $739k, net assets of $10.4m. It reported 14 employees.