Affordable Housing Clearinghouse

Analysis

Affordable Housing Clearinghouse is a registered charity in United States, based in Lake Forest, CA. It received its IRS tax-exemption ruling in November 1996, 30 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 2023, Affordable Housing Clearinghouse reported income of $819k and spending of $515k, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $504k to $819k (+62%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 50%. Over the whole period it spent 74% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Affordable Housing Clearinghouse sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Southern Indiana Community Housing Corporation ($818k), Evergreen Senior Living Inc ($820k) and Point of Freedom ($817k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $151k (29% of expenses). Other salaries and wages came to $122k. At year end it held assets of $2.6m against liabilities of $387k, net assets of $2.2m. It reported 4 employees.