Oakland Affordable Housing Preservation Initiatives

Analysis

Oakland Affordable Housing Preservation Initiatives is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in August 2014, 12 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 (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Oakland Affordable Housing Preservation Initiatives reported income of $43.4m and spending of $33.7m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $116.7m to $43.4m (-63%), an average of -22% a year. The sharpest change came in the year to June 2020, when income dropped by 68%. Over the whole period it spent 51% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Oakland Affordable Housing Preservation Initiatives sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Baltimore Affordable Housing Development Inc ($43.2m), Affordable Housing Preservation Corporation ($43.6m) and Heritage Housing Partners ($43.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 95% of the total. At year end it held assets of $141.8m against liabilities of $9.5m, net assets of $132.3m.