Louisville Metro Affordable Housing Trust Fund Inc

Analysis

Louisville Metro Affordable Housing Trust Fund Inc is a registered charity in United States, based in Louisville, KY. 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 2020, Louisville Metro Affordable Housing Trust Fund Inc reported income of $7.0m and spending of $3.0m, leaving 57% of income unspent that year. Across the 2 years on record, from June 2019 to June 2020, income grew from $6.4m to $7.0m (+9.0%), an average of +9.0% a year. Over the whole period it spent 49% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Louisville Metro Affordable Housing Trust Fund Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within KY. Charities of a similar size with the same main cause include Arbors at St Barnabas Inc ($7.0m), Asbury Points Inc ($7.0m) and Kingspath Senior Ministries Inc ($6.9m).

On its Form 990 for the period ending June 2020, revenue came from contributions and grants 96% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $110k (3.7% of expenses). Other salaries and wages came to $78k. At year end it held assets of $10.7m against liabilities of $46k, net assets of $10.7m.