Atlantic Housing Foundation Inc

Analysis

Atlantic Housing Foundation Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in May 2000, 26 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, Atlantic Housing Foundation Inc reported income of $101.0m and spending of $112.4m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $101.1m to $101.0m (-0.1%), an average of +-0.0% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Atlantic Housing Foundation Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Mercy Housing Inc ($100.5m), Phipps Houses ($101.2m) and Florida Pace Centers Inc ($100.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $2.2m (1.9% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $528.1m against liabilities of $626.0m, net assets of -$97.8m. It reported 425 employees.