A C T Affordable Housing Inc

Analysis

A C T Affordable Housing Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1994, 32 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, A C T Affordable Housing Inc reported income of $1.4m and spending of $532k, leaving 63% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $377k to $1.4m (+278%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 249%. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, A C T Affordable Housing Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Northwest Pennsylvania Weatherization Inc ($1.4m), Braveheart Properties of Brevard ($1.4m) and NCJC Housing & Development Foundation ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. At year end it held assets of $2.8m against liabilities of $2.1m, net assets of $713k.