Affordable Homes for All

Analysis

Affordable Homes for All is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in May 2011, 15 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, Affordable Homes for All reported income of $944k and spending of $526k, leaving 44% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $908k to $944k (+4.0%), an average of +0.8% a year. The sharpest change came in the year to June 2020, when income rose by 97%. Over the whole period it spent 71% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Affordable Homes for All sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MN. Charities of a similar size with the same main cause include Frances Senior Housing Corporation ($944k), Everywhere & Now Public Hous Resid Organizing Natl Together Inc ($944k) and Raise-Op Housing Cooperative ($941k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 79% of the total. Compensation of current officers, directors and key employees was $120k (23% of expenses). At year end it held assets of $29.9m against liabilities of $0, net assets of $29.9m.