National Affordable Housing Network Incorporated

Analysis

National Affordable Housing Network Incorporated is a registered charity in United States, based in Butte, MT. It received its IRS tax-exemption ruling in March 1995, 31 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 September 2023, National Affordable Housing Network Incorporated reported income of $888k and spending of $454k, leaving 49% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $546k to $888k (+63%), an average of +13% a year. The sharpest change came in the year to September 2022, when income rose by 100%. Over the whole period it spent 74% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, National Affordable Housing Network Incorporated sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within MT. Charities of a similar size with the same main cause include 4 13 Strong Inc ($888k), Lil Jackson Senior Community ($888k) and Blessings Foundation Inc ($888k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $36k (8.0% of expenses). Other salaries and wages came to $201k. At year end it held assets of $3.3m against liabilities of $2.9m, net assets of $422k. It reported 12 employees.