Affordable Housing Centers of Pennsylvania

Analysis

Affordable Housing Centers of Pennsylvania is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 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 2024, Affordable Housing Centers of Pennsylvania reported income of $2.5m and spending of $1.6m, leaving 38% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $686k to $2.5m (+265%), an average of +30% a year. The sharpest change came in the year to June 2023, when income rose by 70%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Affordable Housing Centers of Pennsylvania sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within PA. Charities of a similar size with the same main cause include Helping Hands Inc ($2.5m), Ozaukee Day Care Center Inc ($2.5m) and Marien-Heim Tower ($2.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $99k (6.3% of expenses). Other salaries and wages came to $853k. At year end it held assets of $2.8m against liabilities of $118k, net assets of $2.7m. It reported 17 employees.