Augusta Affordable Housingcorporation

Analysis

Augusta Affordable Housingcorporation is a registered charity in United States, based in Augusta, GA. It received its IRS tax-exemption ruling in May 2009, 17 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 March 2023, Augusta Affordable Housingcorporation reported income of $3.5m and spending of $86k, leaving 98% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $1.5m to $3.5m (+134%), an average of +24% a year. The sharpest change came in the year to March 2021, when income rose by 1183%. Over the whole period it spent 5.1% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Augusta Affordable Housingcorporation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within GA. Charities of a similar size with the same main cause include Hamilton County Area Neighborhood Development Inc ($3.5m), Sepp Inc ($3.5m) and Golden Age Towers Inc ($3.5m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. At year end it held assets of $14.4m against liabilities of $1,320, net assets of $14.4m.