Foundation for Affordable Housing Inc

Analysis

Foundation for Affordable Housing Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in October 1991, 35 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 December 2023, Foundation for Affordable Housing Inc reported income of $1.3m and spending of $1.1m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $872k to $1.3m (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 73% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Foundation for Affordable Housing Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within KY. Charities of a similar size with the same main cause include San Clemente Eah Inc ($1.3m), Adams Rescue Mission Inc ($1.3m) and The Dale House Project ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 40% of the total. Other salaries and wages came to $134k. At year end it held assets of $4.6m against liabilities of $309k, net assets of $4.3m. It reported 7 employees.