Am Affordable Housing Inc

Analysis

Am Affordable Housing Inc is a registered charity in United States, based in Coconut Grove, FL. It received its IRS tax-exemption ruling in April 2010, 16 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, Am Affordable Housing Inc reported income of $814k and spending of $1.3m, spending 154% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $48k to $814k (+1599%), an average of +103% a year. The sharpest change came in the year to December 2020, when income rose by 379%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Am Affordable Housing Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Crossroads Nola Inc ($813k), Humboldt Park Elderly Housing Corp ($814k) and Turning Point-Interfaith Mission Inc ($813k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $712k against liabilities of $0, net assets of $712k.