Admiral Housing

Analysis

Admiral Housing is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in February 1999, 27 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, Admiral Housing reported income of $249k and spending of $267k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $161k to $249k (+55%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 111% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Admiral Housing sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within WA. Charities of a similar size with the same main cause include American Legion Veterans Housing Inc ($249k), Chambersburg Housing Inc ($249k) and Tri-Cities Terrace II ($249k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 20% of the total. At year end it held assets of $1.1m against liabilities of $1.5m, net assets of -$445k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.