Affordable Communities Inc Parent Return

Analysis

Affordable Communities Inc Parent Return is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in April 2010, 16 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 December 2023, Affordable Communities Inc Parent Return reported income of $8.5m and spending of $7.9m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $8.5m (+209%), an average of +32% a year. The sharpest change came in the year to December 2022, when income rose by 147%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Affordable Communities Inc Parent Return sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Recovery Place Community Services Inc ($8.5m), Rural Communities Housing Development Corporation ($8.5m) and PHS Council Bluffs Inc ($8.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.5% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $319k (4.1% of expenses). Other salaries and wages came to $658k. At year end it held assets of $56.7m against liabilities of $54.8m, net assets of $1.9m. It reported 27 employees.