Arlington Assembly of God Housing Corp

Analysis

Arlington Assembly of God Housing Corp is a registered charity in United States, based in Gainesville, VA. It received its IRS tax-exemption ruling in September 1978, 48 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, Arlington Assembly of God Housing Corp reported income of $20.1m and spending of $1.4m, leaving 93% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.6m to $20.1m (+1176%), an average of +134% a year. The sharpest change came in the year to December 2022, when income rose by 1118%. Over the whole period it spent 25% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Arlington Assembly of God Housing Corp sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within VA. Charities of a similar size with the same main cause include Shelter Inc ($20.1m), Leadingage Inc ($20.2m) and I M Sulzbacher Center for the Homeless Inc ($20.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 5.3% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $58k (4.2% of expenses). Other salaries and wages came to $244k. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 15 employees.