Oregon Corporation for Affordable Housing

Analysis

Oregon Corporation for Affordable Housing is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 1998, 28 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, Oregon Corporation for Affordable Housing reported income of $1.8m and spending of $1.3m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $953k to $1.8m (+87%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 232%. Over the whole period it spent 59% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Oregon Corporation for Affordable Housing sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include Wesley Rydell Housing Corporation ($1.8m), Mission Towers ($1.8m) and Tcs-1 ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 39% of the total. At year end it held assets of $2.8m against liabilities of $237k, net assets of $2.6m.