Alfred Housing Committee Inc

Analysis

Alfred Housing Committee Inc is a registered charity in United States, based in Wellsville, NY. It received its IRS tax-exemption ruling in December 1986, 40 years ago. 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 June 2023, Alfred Housing Committee Inc reported income of $182k and spending of $210k, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $278k to $182k (-34%), an average of -10% a year. The sharpest change came in the year to June 2021, when income rose by 173%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alfred Housing Committee Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Gorman Volunteer Fire Dept ($182k), Forest Lawn Heritage Foundation Inc ($182k) and Little League Baseball Inc ($182k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $75k (36% of expenses). Other salaries and wages came to $61k. At year end it held assets of $1.8m against liabilities of $46k, net assets of $1.8m. It reported 2 employees.