Affordable Housing Preservation Foundation

Analysis

Affordable Housing Preservation Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 1989, 37 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 June 2023, Affordable Housing Preservation Foundation reported income of $1.5m and spending of $1.4m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.5m (+8.4%), an average of +2.0% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Affordable Housing Preservation Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Friends of the Coronado Public Library ($1.5m), Missionary Sisters of Saint Benedict Home for the Aged Inc ($1.5m) and Youth for Christ USA Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $199k. At year end it held assets of $4.4m against liabilities of $4.6m, net assets of -$236k.