Immanuel Affordable II Inc

Analysis

Immanuel Affordable II Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in April 2002, 24 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 (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, Immanuel Affordable II Inc reported income of $2.4m and spending of $2.5m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.4m (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Immanuel Affordable II Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within NE. Charities of a similar size with the same main cause include Kings Stewards Inc ($2.4m), Safe Harbors of the Hudson Inc ($2.4m) and Zachewicz Enterprises Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.1% and program service revenue 95% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $2.5m against liabilities of $733k, net assets of $1.8m.