Allegheny Council to Improve Our Neighborhoods-Housing Incorporated

Analysis

Allegheny Council to Improve Our Neighborhoods-Housing Incorporated is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in October 1957, 69 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 June 2023, Allegheny Council to Improve Our Neighborhoods-Housing Incorporated reported income of $50.2m and spending of $51.7m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $20.7m to $50.2m (+142%), an average of +25% a year. The sharpest change came in the year to June 2021, when income rose by 243%. 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, Allegheny Council to Improve Our Neighborhoods-Housing Incorporated sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Champlain Housing TR ($50.2m), Amigour Asset Management Ltd ($50.4m) and Whitemarsh Continuing Care Retirement Community ($50.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 10% of the total. Other salaries and wages came to $5.5m. At year end it held assets of $55.4m against liabilities of $35.3m, net assets of $20.1m. It reported 156 employees.