Asheville Assisted Housing Inc

Analysis

Asheville Assisted Housing Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in May 1987, 39 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Asheville Assisted Housing Inc reported income of $2.4m and spending of $2.0m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $2.4m (+12%), an average of +2.8% a year. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Asheville Assisted Housing Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Movement 5280 ($2.4m), Gideon Court Resident Council ($2.4m) and Yellowstone Womens First Step House Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 36% of the total. Other salaries and wages came to $220k. At year end it held assets of $5.7m against liabilities of $342k, net assets of $5.4m. It reported 17 employees.