Liberty Affordable Housing Inc

Analysis

Liberty Affordable Housing Inc is a registered charity in United States, based in Rome, NY. It received its IRS tax-exemption ruling in March 2003, 23 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, Liberty Affordable Housing Inc reported income of $5.0m and spending of $2.6m, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.0m to $5.0m (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2023, when income rose by 250%. Over the whole period it spent 69% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Liberty Affordable Housing Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Almost Home Inc ($5.0m), Madison Park Development Corporation ($5.0m) and Mishawum Park Tenants Association Inc ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 93% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $43.5m against liabilities of $1.8m, net assets of $41.7m.