Albany Area Housing Opportunities Inc

Analysis

Albany Area Housing Opportunities Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in September 1982, 44 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, Albany Area Housing Opportunities Inc reported income of $86k and spending of $139k, spending 162% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $84k to $86k (+2.1%), an average of +2.1% a year. Over the whole period it spent 152% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Albany Area Housing Opportunities Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within NY. Charities of a similar size with the same main cause include Morehouse Senior Apartments Inc ($86k), Westend Terzettos ($86k) and Change to Come ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 5.8% and program service revenue 92% of the total. At year end it held assets of $144k against liabilities of $30k, net assets of $114k.