Affordable Housing Network Inc

Analysis

Affordable Housing Network Inc is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in January 2008, 18 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Affordable Housing Network Inc reported income of $8.7m and spending of $5.2m, leaving 40% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.4m to $8.7m (+59%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 52%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Affordable Housing Network Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within IA. Charities of a similar size with the same main cause include Dallas Mission for Life Inc ($8.7m), Morc Home Care Inc ($8.7m) and Path Ventures ($8.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.9% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $103k (2.0% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $18.6m against liabilities of $9.0m, net assets of $9.6m. It reported 12 employees.