Affordable Housing Education and Development Inc

Analysis

Affordable Housing Education and Development Inc is a registered charity in United States, based in Littleton, NH. It received its IRS tax-exemption ruling in July 1992, 34 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, Affordable Housing Education and Development Inc reported income of $3.6m and spending of $3.3m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $3.6m (+61%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 37%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Affordable Housing Education and Development Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within NH. Charities of a similar size with the same main cause include Esperanza Charities Inc ($3.6m), Coves at River Garden Inc ($3.6m) and Mobile Loaves & Fishes Support Corporation ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $110k (3.4% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $10.7m against liabilities of $2.7m, net assets of $7.9m. It reported 43 employees.