Advanced Housing Alternatives Corporation

Analysis

Advanced Housing Alternatives Corporation is a registered charity in United States, based in Corpus Christi, TX. It received its IRS tax-exemption ruling in February 1993, 33 years ago. 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 December 2023, Advanced Housing Alternatives Corporation reported income of $1.5m and spending of $1.3m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $680k to $1.5m (+124%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 189%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Advanced Housing Alternatives Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Newsed Community Development Corporation Inc ($1.5m), United Way of Greater Lima Inc ($1.5m) and South Louisville Community Ministries Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $225k. At year end it held assets of $1.7m against liabilities of $2.4m, net assets of -$704k.