Baptist Community Affordable Housing Foundation

Analysis

Baptist Community Affordable Housing Foundation is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. 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, Baptist Community Affordable Housing Foundation reported income of $1.5m and spending of $2.1m, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.2m to $1.5m (-79%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 75%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Baptist Community Affordable Housing Foundation 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 Premier Capital Corporation ($1.5m), Annville Free Library ($1.5m) and Hope Academy ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 24% of the total. Other salaries and wages came to $683k. At year end it held assets of $9.5m against liabilities of $20.5m, net assets of -$11.0m.