Rhg-Afforable Housing II Inc

Analysis

Rhg-Afforable Housing II Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in May 1999, 27 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, Rhg-Afforable Housing II Inc reported income of $19.2m and spending of $17.3m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.4m to $19.2m (+335%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 519%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rhg-Afforable Housing II Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within GA. Charities of a similar size with the same main cause include Midwest Housing Equity Group Inc ($19.2m), Firemens Association of the State of New York ($19.2m) and Council for the Homeless ($19.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 17% of the total. Other salaries and wages came to $462k. At year end it held assets of $7.1m against liabilities of $7.9m, net assets of -$799k.