Immanuel Affordable Inc

Analysis

Immanuel Affordable Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in July 2000, 26 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 June 2023, Immanuel Affordable Inc reported income of $184k and spending of $194k, spending 105% of what it took in. Across the 3 years on record, from June 2019 to June 2023, income grew from $155k to $184k (+19%), an average of +8.9% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Immanuel Affordable Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NE. Charities of a similar size with the same main cause include House of Mercy Enterprises ($184k), Payson Homeless & Homeless Veterans Initiative ($184k) and Rdoor Housing Corporation ($184k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 0.9% and program service revenue 99% of the total. At year end it held assets of $279k against liabilities of $110k, net assets of $168k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.