Initiative for Affordable Housing Dekalb Inc

Analysis

Initiative for Affordable Housing Dekalb Inc is a registered charity in United States, based in Scottdale, GA. It received its IRS tax-exemption ruling in April 1992, 34 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 June 2023, Initiative for Affordable Housing Dekalb Inc reported income of $4.5m and spending of $2.3m, leaving 48% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $4.5m (+88%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 109%. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Initiative for Affordable Housing Dekalb Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within GA. Charities of a similar size with the same main cause include Ascension Manor Inc ($4.5m), New Purpose ($4.5m) and Salem Y Veterans Housing ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 36% of the total. Other salaries and wages came to $500k. At year end it held assets of $5.3m against liabilities of $3.2m, net assets of $2.1m. It reported 26 employees.