South Fulton Affordable Housing Development Corporation

Analysis

South Fulton Affordable Housing Development Corporation is a registered charity in United States, based in College Park, GA. It received its IRS tax-exemption ruling in May 2020, 6 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, South Fulton Affordable Housing Development Corporation reported income of $146k and spending of $302k, spending 206% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $132k to $146k (+11%), an average of +3.6% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 217% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, South Fulton Affordable Housing Development Corporation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 49th percentile within GA. Charities of a similar size with the same main cause include Kleeman Village Housing Corporation NFP ($146k), Community Reinvestment Foundation- Xvi Inc ($146k) and Choice Housing Corp ($146k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 81% of the total. Other salaries and wages came to $44k. At year end it held assets of $951k against liabilities of $9,606, net assets of $942k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.