Partnership for Afforable Housing Inc

Analysis

Partnership for Afforable Housing Inc is a registered charity in United States, based in Carmel, IN. It received its IRS tax-exemption ruling in February 2011, 15 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, Partnership for Afforable Housing Inc reported income of $3.2m and spending of $1.9m, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $3.2m (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2023, when income rose by 70%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Partnership for Afforable Housing Inc 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 IN. Charities of a similar size with the same main cause include Mid-Peninsula Country Hills Inc ($3.2m), Casa de Redwood Foundation ($3.2m) and Catholic Charities Housing Association of Biloxi Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 61% of the total. At year end it held assets of $10.4m against liabilities of $6.5m, net assets of $3.9m. It reported 1 employees.