Aafe Community Development Fund Inc

Analysis

Aafe Community Development Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2000, 26 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, Aafe Community Development Fund Inc reported income of $859k and spending of $722k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $476k to $859k (+81%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Aafe Community Development Fund Inc 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 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Fauquier Family Shelter Services Inc ($859k), Shingle Creek Senior Housing ($859k) and Upstate New York Community Partners Inc ($859k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 8.6% of the total. Compensation of current officers, directors and key employees was $125k (17% of expenses). Other salaries and wages came to $158k. At year end it held assets of $7.0m against liabilities of $2.5m, net assets of $4.5m. It reported 3 employees.