Affordable Community Housing Trust

Analysis

Affordable Community Housing Trust is a registered charity in United States, based in Edmond, OK. It received its IRS tax-exemption ruling in December 1990, 36 years ago. 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 2022, Affordable Community Housing Trust reported income of $3.0m and spending of $3.5m, spending 115% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $2.8m to $3.0m (+8.8%), an average of +2.9% a year. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Affordable Community Housing Trust sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within OK. Charities of a similar size with the same main cause include Innovative Housing Opportunities Inc ($3.0m), National Organization of Black Law Enforcement Executives Noble ($3.0m) and Aerial Recovery ($3.0m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 99% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $5.9m against liabilities of $3.7m, net assets of $2.2m. It reported 114 employees.

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.