Foundation for Affordable Housing Inc

Analysis

Foundation for Affordable Housing Inc is a registered charity in United States, based in Bend, OR. It received its IRS tax-exemption ruling in July 1990, 36 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 December 2023, Foundation for Affordable Housing Inc reported income of $5.4m and spending of $8.9m, spending 163% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $24.2m to $5.4m (-77%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 69%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Foundation for 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 94th percentile within OR. Charities of a similar size with the same main cause include Vista Del Monte Affordable Housing Inc ($5.4m), Grace House Inc ($5.4m) and Environmental Works ($5.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $247k (2.8% of expenses). Other salaries and wages came to $404k. At year end it held assets of $105.7m against liabilities of $93.4m, net assets of $12.3m. It reported 1 employees.