American Foundation for Affordable Housing Inc

Analysis

American Foundation for Affordable Housing Inc is a registered charity in United States, based in Williamsburg, VA. It received its IRS tax-exemption ruling in August 1993, 33 years ago. 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, American Foundation for Affordable Housing Inc reported income of $983k and spending of $1.0m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $857k to $983k (+15%), an average of +3.5% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Foundation for 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 79th percentile, and in the 79th percentile within VA. Charities of a similar size with the same main cause include Hillsboro Community Foundation Inc ($983k), Kingman Boys Club Inc ($983k) and Boys & Girls Club of East Alabama ($982k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.9% and program service revenue 90% of the total. Other salaries and wages came to $127k. At year end it held assets of $2.4m against liabilities of $2.9m, net assets of -$483k. It reported 6 employees.