Amsterdam Housing I Inc

Analysis

Amsterdam Housing I Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 2008, 18 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 June 2023, Amsterdam Housing I Inc reported income of $150k and spending of $223k, spending 148% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $152k to $150k (-1.3%), an average of -0.4% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 138% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Amsterdam Housing I Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within PA. Charities of a similar size with the same main cause include Loretta Village Housing Inc ($150k), Better Days Ahead Outreach Inc ($150k) and Lewiston Itc Elderly Housing Deveolpement Fund Corporation ($150k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $15k. At year end it held assets of $2.4m against liabilities of $62k, net assets of $2.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.