Madison County Affordable Housing Corporation NFP

Analysis

Madison County Affordable Housing Corporation NFP is a registered charity in United States, based in Collinsville, IL. It received its IRS tax-exemption ruling in February 2010, 16 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Madison County Affordable Housing Corporation NFP reported income of $63k and spending of $48k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $79k to $63k (-21%), an average of -5.6% a year. Over the whole period it spent 55% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Madison County Affordable Housing Corporation NFP sits at the 14th percentile: it is larger than about 14% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within IL. Charities of a similar size with the same main cause include 620 Summit Inc ($63k), Living in Victory Ministries Inc ($63k) and Carson Place Inc ($63k).

Other salaries and wages came to $8,492. At year end it held assets of $693k against liabilities of $281k, net assets of $411k.