Adirondack Community Housing Trust

Analysis

Adirondack Community Housing Trust is a registered charity in United States, based in Elizabethtown, NY. 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, Adirondack Community Housing Trust reported income of $390k and spending of $46k, leaving 88% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $87k to $390k (+348%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 6748%. Over the whole period it spent 24% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Adirondack Community Housing Trust sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Rockvale Community Housing Corporation ($390k), Bluelight Development Group Inc ($391k) and Luther Towers IV of Dover Inc ($390k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.6% of the total. At year end it held assets of $1.3m against liabilities of $69k, net assets of $1.2m.