Affordable Housing of Bloomington Inc

Analysis

Affordable Housing of Bloomington Inc is a registered charity in United States, based in Bloomington, IL. It received its IRS tax-exemption ruling in February 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 Bloomington Inc reported income of $98k and spending of $288, leaving 100% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $138k to $98k (-29%), an average of -29% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 1.0% 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 Bloomington Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 37th percentile within IL. Charities of a similar size with the same main cause include Fellowship Apartments Inc ($97k), Hope 101 Ministry Inc ($98k) and Maxcen Housing Society Puerto Rico Branch Inc ($97k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $233k against liabilities of $0, net assets of $233k.