Hamilton Affordable Homes Inc

Analysis

Hamilton Affordable Homes Inc is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in June 2004, 22 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 December 2023, Hamilton Affordable Homes Inc reported income of $1.3m and spending of $1.7m, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $1.3m (-47%), an average of -15% a year. The sharpest change came in the year to December 2023, when income rose by 380%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hamilton Affordable Homes Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include East Washington County Shelter Partnership Council Inc ($1.3m), Kilohana Resident Council ($1.3m) and Ohio Regional Development Corp ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 85% of the total. At year end it held assets of $6.3m against liabilities of $68k, net assets of $6.3m.

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.