Southwest Florida Affordablehousing Choice Foundation Inc

Analysis

Southwest Florida Affordablehousing Choice Foundation Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in March 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 December 2023, Southwest Florida Affordablehousing Choice Foundation Inc reported income of $2.8m and spending of $1.8m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $739k to $2.8m (+280%), an average of +40% a year. The sharpest change came in the year to December 2021, when income rose by 332%. Over the whole period it spent 62% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Southwest Florida Affordablehousing Choice Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Union Plaza Apartments ($2.8m), Castle Manor ($2.8m) and St Francis Commons Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 77% of the total. At year end it held assets of $19.1m against liabilities of $3.6m, net assets of $15.5m.