Partners for Affordable Housing

Analysis

Partners for Affordable Housing is a registered charity in United States, based in Mankato, MN. It received its IRS tax-exemption ruling in January 1985, 41 years ago. 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, Partners for Affordable Housing reported income of $1.8m and spending of $1.8m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $915k to $1.8m (+101%), an average of +19% a year. The sharpest change came in the year to June 2020, when income rose by 29%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Partners for Affordable Housing sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MN. Charities of a similar size with the same main cause include Miracle Land Korean Baptist Church ($1.8m), Black and Pink Inc ($1.8m) and Ashtabula County Family YMCA ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $133k (7.5% of expenses). Other salaries and wages came to $596k. At year end it held assets of $2.5m against liabilities of $769k, net assets of $1.8m. It reported 40 employees.