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. 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 May 2023, Affordable Community Housing Trust reported income of $4.7m and spending of $11.9m, spending 256% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income fell from $7.3m to $4.7m (-36%), an average of -14% a year. The sharpest change came in the year to May 2023, when income dropped by 26%. Over the whole period it spent 151% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Affordable Community Housing Trust sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within OK. Charities of a similar size with the same main cause include Providence Senior Living Inc ($4.7m), Housing Assistance and Development Services Inc ($4.7m) and Hadc Ridgeway ($4.7m).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1.9m. At year end it held assets of $10.6m against liabilities of $62.2m, net assets of -$51.6m. It reported 167 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.