The Safe Alliance Affordable Housing Corporation

Analysis

The Safe Alliance Affordable Housing Corporation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in July 2003, 23 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 March 2023, The Safe Alliance Affordable Housing Corporation reported income of $3.0m and spending of $2.3m, leaving 26% of income unspent that year. Across the 4 years on record, from December 2019 to March 2023, income grew from $138k to $3.0m (+2103%), an average of +180% a year. The sharpest change came in the year to March 2021, when income rose by 1324%. Over the whole period it spent 83% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Safe Alliance Affordable Housing Corporation sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Housing Land Trust of Sonoma County ($3.0m), St Thomas Episcopal Senior Citizens Housing Devel Fund Corp ($3.0m) and Crotona Estates Housing Development Fund Company Inc ($3.0m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Other salaries and wages came to $267k. At year end it held assets of $16.0m against liabilities of $11.5m, net assets of $4.5m.