Affordable Community Residence Association Inc

Analysis

Affordable Community Residence Association Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in May 2012, 14 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 2023, Affordable Community Residence Association Inc reported income of $441k and spending of $237k, leaving 46% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $200k to $441k (+121%), an average of +49% a year. The sharpest change came in the year to December 2022, when income rose by 66%. Over the whole period it spent 59% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Affordable Community Residence Association Inc sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include Home Means Nevada Inc ($441k), Zion Hill Community Development Corporation ($441k) and Casa Montego II Inc ($441k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 18% of the total. Other salaries and wages came to $58k. At year end it held assets of $518k against liabilities of $12k, net assets of $507k. It reported 2 employees.