Affordable Housing Corporation

Analysis

Affordable Housing Corporation is a registered charity in United States, based in Winchester, VA. It received its IRS tax-exemption ruling in August 1997, 29 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Affordable Housing Corporation reported income of $618k and spending of $67k, leaving 89% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.0m to $618k (-70%), an average of -26% a year. The sharpest change came in the year to December 2020, when income rose by 656%. Over the whole period it spent 21% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Affordable Housing Corporation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within VA. Charities of a similar size with the same main cause include Solomons Temple Foundation Inc ($618k), Find-A-Way Inc ($618k) and Chaska Manor Inc ($617k).

At year end it held assets of $17.0m against liabilities of $92k, net assets of $16.9m.