Turner Affordable Housing Inc

Analysis

Turner Affordable Housing Inc is a registered charity in United States, based in Altoona, PA. It received its IRS tax-exemption ruling in July 2020, 6 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 2024, Turner Affordable Housing Inc reported income of $579k and spending of $555k, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $490k to $579k (+18%), an average of +4.3% a year. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Turner Affordable Housing Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within PA. Charities of a similar size with the same main cause include Homecroft Inc ($579k), 1060 Belmont Inc ($579k) and Falcon Housing Corp ($579k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 49% and program service revenue 43% of the total. Other salaries and wages came to $58k. At year end it held assets of $1.3m against liabilities of $2.4m, net assets of -$1.1m.