Long Beach Affordable Housing

Analysis

Long Beach Affordable Housing is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in August 2014, 12 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, Long Beach Affordable Housing reported income of $3.1m and spending of $2.6m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.6m to $3.1m (-33%), an average of -9.4% a year. The sharpest change came in the year to December 2020, when income dropped by 45%. Over the whole period it spent 75% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Long Beach Affordable Housing sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Galilee Community Development ($3.1m), Los Angeles Room & Board ($3.1m) and Homeless and Housing Coalition of Kentucky Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 85% of the total. Compensation of current officers, directors and key employees was $70k (2.7% of expenses). Other salaries and wages came to $152k. At year end it held assets of $8.8m against liabilities of $5.9m, net assets of $3.0m.