Alamo Area Mutual Housing Association Inc

Analysis

Alamo Area Mutual Housing Association Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in August 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Alamo Area Mutual Housing Association Inc reported income of $11.3m and spending of $13.6m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.4m to $11.3m (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2020, when income rose by 43%. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Alamo Area Mutual Housing Association Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Harwood Place Inc ($11.3m), Habitat for Humanity International Inc ($11.3m) and Lecom at Presque Isle Inc ($11.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.0% and program service revenue 94% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $43.0m against liabilities of $45.6m, net assets of -$2.6m. It reported 20 employees.