Affordable Housing Corporation of Lake County

Analysis

Affordable Housing Corporation of Lake County is a registered charity in United States, based in Libertyville, IL. It received its IRS tax-exemption ruling in March 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Corporation of Lake County reported income of $3.7m and spending of $3.8m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.4m to $3.7m (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Affordable Housing Corporation of Lake County sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Big Green ($3.7m), Second Start ($3.7m) and Child and Family Guidance Inc ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $186k (4.9% of expenses). Other salaries and wages came to $278k. At year end it held assets of $2.1m against liabilities of $856k, net assets of $1.3m. It reported 5 employees.