US Affordable Housing Foundation Inc

Analysis

US Affordable Housing Foundation Inc is a registered charity in United States, based in Potomac, MD. It received its IRS tax-exemption ruling in March 2019, 7 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 December 2023, US Affordable Housing Foundation Inc reported income of $132k and spending of $2,000, leaving 98% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $891k to $132k (-85%), an average of -38% a year. The sharpest change came in the year to December 2023, when income rose by 235%. Over the whole period it spent 0.5% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, US Affordable Housing Foundation Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within MD. Charities of a similar size with the same main cause include Mid-County Non-Profit Housing Corporation ($132k), St Agnes Manor Inc ($132k) and Home for Homeless Foundation Inc ($132k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% of the total. At year end it held assets of $4.1m against liabilities of $7,875, net assets of $4.0m.