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 2022, American Foundation for Affordable Housing Inc reported income of $957k and spending of $185k, leaving 81% of income unspent that year. Across the 5 years on record, from December 2018 to December 2022, income grew from $266k to $957k (+260%), an average of +38% a year. The sharpest change came in the year to December 2019, when income rose by 477%. Over the whole period it spent 26% 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 New Mexico School Boards Association ($957k), Florida Alliance for Civic Engagement Inc ($957k) and Big Picture Alliance ($957k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $137k (74% of expenses). At year end it held assets of $8.5m against liabilities of $145k, net assets of $8.4m. It reported 1 employees.