Archway Investment Corporation Inc

Analysis

Archway Investment Corporation Inc is a registered charity in United States, based in Lakewood, CO. 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 2023, Archway Investment Corporation Inc reported income of $10.0m and spending of $1.5m, leaving 85% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $10.0m (+185%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 190%. Over the whole period it spent 34% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Archway Investment Corporation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CO. Charities of a similar size with the same main cause include Mutual Housing California ($9.9m), Mercy Housing South East ($10.0m) and Mission First Housing Development Corporation ($9.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.6% and program service revenue 9.2% of the total. Compensation of current officers, directors and key employees was $804k (54% of expenses). Other salaries and wages came to $252k. At year end it held assets of $29.1m against liabilities of $4.9m, net assets of $24.2m.