African Community Housing & Development

Analysis

African Community Housing & Development is a registered charity in United States, based in Seatac, WA. It received its IRS tax-exemption ruling in June 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, African Community Housing & Development reported income of $5.6m and spending of $5.0m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $425k to $5.6m (+1228%), an average of +91% a year. The sharpest change came in the year to December 2020, when income rose by 690%. Over the whole period it spent 79% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, African Community Housing & Development sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within WA. Charities of a similar size with the same main cause include Friendship Ark Inc ($5.6m), Pressley Ridge-Maryland ($5.7m) and Housing Economic Reinvestment Opportunities Inc ($5.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $302k (6.1% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $11.9m against liabilities of $7.1m, net assets of $4.8m. It reported 41 employees.