Affordable Communities Inc

Analysis

Affordable Communities Inc is a registered charity in United States, based in Broomfield, CO. It received its IRS tax-exemption ruling in October 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Affordable Communities Inc reported income of $1.4m and spending of $1.4m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.4m (+17%), an average of +3.9% a year. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Affordable Communities Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within CO. Charities of a similar size with the same main cause include Washington Homeownership Resource Center ($1.4m), Episcopal Management Corporation ($1.4m) and Rogers Hall Corporation ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 44% of the total. Other salaries and wages came to $164k. At year end it held assets of $4.4m against liabilities of $3.5m, net assets of $979k. It reported 4 employees.