Interstate I Affordable Housing Inc

Analysis

Interstate I Affordable Housing Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1998, 28 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, Interstate I Affordable Housing Inc reported income of $71k and spending of $50k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $62k to $71k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2021, when income rose by 11404%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Interstate I Affordable Housing Inc sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include Gateway to Glory ($71k), Community Apartments Corporation of Rowan County ($71k) and The Village Inc ($71k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $828k against liabilities of $2,524, net assets of $826k.