Affordable Housing Institute Inc

Analysis

Affordable Housing Institute Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in January 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Affordable Housing Institute Inc reported income of $939k and spending of $999k, spending 106% of what it took in. Across the 5 years on record, from September 2019 to December 2022, income grew from $406k to $939k (+132%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 326%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Affordable Housing Institute Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within NC. Charities of a similar size with the same main cause include Restoration House of East Tennessee ($939k), Comedores Sociales de Puerto Rico Inc ($940k) and Child & Family Services of Yuma Inc ($939k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 45% of the total. Compensation of current officers, directors and key employees was $814k (82% of expenses). At year end it held assets of $1.6m against liabilities of $428k, net assets of $1.1m.