Avenue Plaza Affordable Housing Inc

Analysis

Avenue Plaza Affordable Housing Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in May 1997, 29 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Avenue Plaza Affordable Housing Inc reported income of $314k and spending of $306k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $236k to $314k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 81% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Avenue Plaza Affordable Housing Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within OR. Charities of a similar size with the same main cause include Lancaster Housing Development Fund Company Inc ($314k), Redding RHF Housing Inc ($314k) and Sunray Communities Inc ($313k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 85% of the total. At year end it held assets of $497k against liabilities of $282k, net assets of $215k.