A I M Housing Inc

Analysis

A I M Housing Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in August 1998, 28 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, A I M Housing Inc reported income of $167k and spending of $261k, spending 156% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $205k to $167k (-18%), an average of -4.9% a year. The sharpest change came in the year to June 2024, when income dropped by 25%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, A I M Housing Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within TN. Charities of a similar size with the same main cause include Cannelton and Neighbors Development Organization Inc ($167k), Neponsit Property Owners Association Inc ($168k) and Rebeccas Tent Inc ($167k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 14% and program service revenue 86% of the total. At year end it held assets of $1.3m against liabilities of $22k, net assets of $1.3m.