African American Alliance for Home Ownership Inc

Analysis

African American Alliance for Home Ownership Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in September 2006, 20 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 June 2023, African American Alliance for Home Ownership Inc reported income of $2.6m and spending of $2.6m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $558k to $2.6m (+370%), an average of +68% a year. The sharpest change came in the year to June 2021, when income rose by 201%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, African American Alliance for Home Ownership Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within OR. Charities of a similar size with the same main cause include Washington Campus Inc ($2.6m), Etowah-Horseshoe Volunteer Fire & Rescue Department Inc ($2.6m) and Central Florida Speech and Hearing Center ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $94k (3.6% of expenses). Other salaries and wages came to $394k. At year end it held assets of $1.3m against liabilities of $44k, net assets of $1.2m. It reported 9 employees.