Affordability Project Inc

Analysis

Affordability Project Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in March 2022, 4 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, Affordability Project Inc reported income of $1.1m and spending of $263k, leaving 77% of income unspent that year. The sharpest change came in the year to December 2022, when income rose by 3338%. Over the whole period it spent 10% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Affordability Project Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Kings Manor Methodist Retirement System Inc ($1.1m), Eastern Ohio Housing Development Corporation ($1.1m) and Nicollet Meadows Housing Group ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $227k (86% of expenses). At year end it held assets of $7.0m against liabilities of $2.1m, net assets of $4.9m. It reported 1 employees.