Austin Affordable Housing Corporation

Analysis

Austin Affordable Housing Corporation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in February 2021, 5 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 March 2024, Austin Affordable Housing Corporation reported income of $34.7m and spending of $26.4m, leaving 24% of income unspent that year. Across the 4 years on record, from March 2021 to March 2024, income grew from $33.6m to $34.7m (+3.4%), an average of +1.1% a year. The sharpest change came in the year to March 2023, when income rose by 51%. Over the whole period it spent 64% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Austin Affordable Housing Corporation 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 99th percentile within TX. Charities of a similar size with the same main cause include Ahc Inc ($34.7m), Humangood Fresno ($35.0m) and East Harlem Pilot Block Housing Development Fund Co Inc ($34.5m).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 89% of the total. Other salaries and wages came to $2.2m. At year end it held assets of $222.2m against liabilities of $90.2m, net assets of $132.0m.