Affordable Housing Partners Inc

Analysis

Affordable Housing Partners Inc is a registered charity in United States, based in Carmel, IN. It received its IRS tax-exemption ruling in February 1997, 29 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, Affordable Housing Partners Inc reported income of $39.7m and spending of $22.3m, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.2m to $39.7m (+857%), an average of +76% a year. The sharpest change came in the year to December 2023, when income rose by 255%. Over the whole period it spent 79% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Affordable Housing Partners Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IN. Charities of a similar size with the same main cause include Kendal at Hanover I ($39.6m), Active Retirement Community Inc ($39.8m) and The Ohio Masonic Home ($39.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 42% of the total. Other salaries and wages came to $2.4m. At year end it held assets of $337.9m against liabilities of $313.0m, net assets of $24.9m. It reported 9 employees.