Foundation for Affordable Housing VI Inc

Analysis

Foundation for Affordable Housing VI Inc is a registered charity in United States, based in Bend, OR. It received its IRS tax-exemption ruling in January 2002, 24 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 VI Inc reported income of $2.1m and spending of $2.7m, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.1m (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2020, when income rose by 199%. Over the whole period it spent 93% 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 VI Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within OR. Charities of a similar size with the same main cause include Mazaska Owecaso Otipi Financial Inc ($2.1m), Marin Center for Independent Living ($2.1m) and Cardinal Newman Society for the Preservation of Catholic HGR Educ ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 23% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $270k against liabilities of $612k, net assets of -$342k. It reported 31 employees.