Afforda

Analysis

Afforda is a registered charity in United States, based in Midvale, UT. It received its IRS tax-exemption ruling in August 2014, 12 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 2022, Afforda reported income of $606k and spending of $658k, spending 109% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $2.4m to $606k (-75%), an average of -37% a year. The sharpest change came in the year to December 2021, when income rose by 246%. Over the whole period it spent 52% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Afforda sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within UT. Charities of a similar size with the same main cause include Keystone Development LLC ($606k), Central City Housing Development Corporation ($606k) and Hawaii Community Builders ($606k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 10% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $163k (25% of expenses). Other salaries and wages came to $111k. At year end it held assets of $35.5m against liabilities of $13.1m, net assets of $22.4m. It reported 6 employees.