Aurora Housing Corporation

Analysis

Aurora Housing Corporation is a registered charity in United States, based in Edgewater, CO. It received its IRS tax-exemption ruling in January 1987, 39 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, Aurora Housing Corporation reported income of $4.1m and spending of $2.2m, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $835k to $4.1m (+392%), an average of +49% a year. The sharpest change came in the year to December 2022, when income rose by 289%. Over the whole period it spent 66% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Aurora Housing Corporation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CO. Charities of a similar size with the same main cause include A R M of Save the Family Foundation of Arizona ($4.1m), American Village Communities Inc ($4.1m) and Shelter Association of Washtenaw ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 32% of the total. At year end it held assets of $15.6m against liabilities of $8.6m, net assets of $6.9m.