Affordable Housing of North Texas Inc

Analysis

Affordable Housing of North Texas Inc is a registered charity in United States, based in Springtown, TX. It received its IRS tax-exemption ruling in October 2021, 5 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, Affordable Housing of North Texas Inc reported income of $728k and spending of $700k, spending 96% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $366k to $728k (+99%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 116%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Affordable Housing of North Texas Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Corcoran Neighborhood Organization ($728k), 1385 Nelson Avenue HDFC ($728k) and Sandy Valley Habitat for Humanity Inc ($727k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $65k. At year end it held assets of $2.3m against liabilities of $2.1m, net assets of $183k. It reported 6 employees.