Affordable Communities Inc

Analysis

Affordable Communities Inc is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in April 2010, 16 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 December 2023, Affordable Communities Inc reported income of $5.6m and spending of $4.7m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.8m to $5.6m (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Affordable Communities Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include County Corp ($5.6m), Elkhorn Valley Community Development Corporation ($5.6m) and Advance Housing Inc ($5.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $407k. At year end it held assets of $36.1m against liabilities of $32.9m, net assets of $3.2m. It reported 12 employees.