Allen a M E Housing Corp

Analysis

Allen a M E Housing Corp is a registered charity in United States, based in Jamaica, NY. It received its IRS tax-exemption ruling in September 1982, 44 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Allen a M E Housing Corp reported income of $1.1m and spending of $1.5m, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.1m (+0.1%), an average of +0.0% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 112% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Allen a M E Housing Corp sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Allied Trades Assistance Program ($1.1m), Careers in Construction Colorado ($1.1m) and East Liberty Development Incorporated ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.4% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $205k (14% of expenses). Other salaries and wages came to $160k. At year end it held assets of $8.2m against liabilities of $4.3m, net assets of $4.0m. It reported 5 employees.