Ailbe Assisted Housing Corporation

Analysis

Ailbe Assisted Housing Corporation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1946, 80 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 2024, Ailbe Assisted Housing Corporation reported income of $155k and spending of $132k, spending 85% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $138k to $155k (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2024, when income rose by 16%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ailbe Assisted Housing Corporation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 49th percentile within IL. Charities of a similar size with the same main cause include Idaho Veterans Network ($155k), Highland Lakes Service League ($155k) and Victim-Witness Assistance Services Inc ($155k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 98% of the total. Other salaries and wages came to $13k. At year end it held assets of $1.1m against liabilities of $70k, net assets of $1.0m.