Affordable Housing Continuum

Analysis

Affordable Housing Continuum is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 2000, 26 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 June 2023, Affordable Housing Continuum reported income of $1.2m and spending of $342k, leaving 73% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $685k to $1.2m (+82%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 48%. Over the whole period it spent 27% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Affordable Housing Continuum sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within IL. Charities of a similar size with the same main cause include Waldorf Csi Senior Housing Inc ($1.2m), Pulaski Heights Inc ($1.2m) and Carr Square Tenant Corporation ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 44% of the total. At year end it held assets of $2.1m against liabilities of $15k, net assets of $2.1m.