Ahc Inc

Analysis

Ahc Inc is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in August 1976, 50 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, Ahc Inc reported income of $34.7m and spending of $36.3m, spending 104% of its income. Across the 5 years on record, from December 2018 to December 2022, income grew from $27.3m to $34.7m (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ahc Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include East Harlem Pilot Block Housing Development Fund Co Inc ($34.5m), Austin Affordable Housing Corporation ($34.7m) and Womens Housing and Economic Development Corporation ($34.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 17% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $2.9m (7.9% of expenses). Other salaries and wages came to $6.1m. At year end it held assets of $323.5m against liabilities of $189.9m, net assets of $133.6m. It reported 103 employees.