Adelanto Affordable Housing a Non Profit Mutual Benefit Corporation

Analysis

Adelanto Affordable Housing a Non Profit Mutual Benefit Corporation is a registered charity in United States, based in Thousand Oaks, CA. It received its IRS tax-exemption ruling in November 2004, 22 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, Adelanto Affordable Housing a Non Profit Mutual Benefit Corporation reported income of $111k and spending of $112k, spending 102% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $96k to $111k (+15%), an average of +7.2% a year. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Adelanto Affordable Housing a Non Profit Mutual Benefit Corporation sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include Plymouth Taskforce to End Homelessness Inc ($111k), Restart Accessible Housing Inc ($111k) and East Salem Apartments Inc ($110k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $252k against liabilities of $381k, net assets of -$129k.