Affordable Housing Program Inc

Analysis

Affordable Housing Program Inc is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in September 2000, 26 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 Program Inc reported income of $3.1m and spending of $2.4m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $3.1m (+203%), an average of +32% a year. The sharpest change came in the year to December 2021, when income rose by 427%. Over the whole period it spent 62% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Affordable Housing Program Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within NV. Charities of a similar size with the same main cause include Jewish Home Lifecare University Avenue Assisted Living Inc ($3.1m), Durham Community Land Trustees Inc ($3.1m) and South Bronx Community Management Company Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% of the total. Other salaries and wages came to $318k. At year end it held assets of $30.3m against liabilities of $4.2m, net assets of $26.1m.