Homeownership Affordability Trust Fund

Analysis

Homeownership Affordability Trust Fund is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in October 1993, 33 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Homeownership Affordability Trust Fund reported income of $6.4m and spending of $3.7m, leaving 43% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $9.0m to $6.4m (-28%), an average of -8.0% a year. The sharpest change came in the year to June 2023, when income rose by 225%. Over the whole period it spent 25% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homeownership Affordability Trust Fund sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within RI. Charities of a similar size with the same main cause include Welcome House of Northern Kentucky Inc ($6.4m), Memphis Union Mission ($6.4m) and Paving the Way Foundation ($6.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 56% of the total. At year end it held assets of $113.9m against liabilities of $557k, net assets of $113.3m.