Affordable Housing and Economic Development Foundation

Analysis

Affordable Housing and Economic Development Foundation is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in October 2015, 11 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, Affordable Housing and Economic Development Foundation reported income of $5.2m and spending of $6,018, leaving 100% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $552k to $5.2m (+833%), an average of +110% a year. The sharpest change came in the year to December 2023, when income rose by 19304%. Over the whole period it spent 0.4% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Affordable Housing and Economic Development Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within HI. Charities of a similar size with the same main cause include R & R Loving Hands Inc ($5.1m), Humility Homes and Services Inc ($5.2m) and McCready Manor Inc ($5.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $7.1m against liabilities of $0, net assets of $7.1m.