Pikeville Affordable Housing Corporation Inc

Analysis

Pikeville Affordable Housing Corporation Inc is a registered charity in United States, based in Pikeville, KY. It received its IRS tax-exemption ruling in July 2000, 26 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, Pikeville Affordable Housing Corporation Inc reported income of $99k and spending of $176k, spending 177% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $36k to $99k (+178%), an average of +29% a year. The sharpest change came in the year to June 2020, when income rose by 130%. Over the whole period it spent 242% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pikeville Affordable Housing Corporation Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within KY. Charities of a similar size with the same main cause include Southwest Florida Gwi Housing Xvi Inc ($99k), Servecom ($99k) and Village Shalom Apartments ($99k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 70% of the total. At year end it held assets of $1.1m against liabilities of $34k, net assets of $1.1m.

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.