Allied Housing Inc

Analysis

Allied Housing Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in September 1981, 45 years ago. 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, Allied Housing Inc reported income of $1.2m and spending of $689k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $775k to $1.2m (+52%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 90%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Allied Housing Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within CO. Charities of a similar size with the same main cause include United Way of Knox County Ohio Inc ($1.2m), Metropolitan Crime Commission of New Orleans Inc ($1.2m) and Hope Alliance Public Benefit Non-Profit Corporation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $628k (91% of expenses). At year end it held assets of $3.2m against liabilities of $136k, net assets of $3.1m. It reported 110 employees.