Metropolitan Affordable Housing Corporation

Analysis

Metropolitan Affordable Housing Corporation is a registered charity in United States, based in Eugene, OR. It received its IRS tax-exemption ruling in September 1992, 34 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Metropolitan Affordable Housing Corporation reported income of $7.8m and spending of $4.9m, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $7.8m (+338%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 227%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Metropolitan Affordable Housing Corporation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within OR. Charities of a similar size with the same main cause include East Dakota Educational Cooperative ($7.8m), St Mary of Providence ($7.8m) and U S Naval Sea Cadet Corps ($7.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $378k (7.8% of expenses). Other salaries and wages came to $958k. At year end it held assets of $38.0m against liabilities of $15.9m, net assets of $22.1m. It reported 28 employees.