Affordable Living for the Aging

Analysis

Affordable Living for the Aging is a registered charity in United States, based in West Hollywood, CA. It received its IRS tax-exemption ruling in February 1980, 46 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, Affordable Living for the Aging reported income of $2.5m and spending of $2.8m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $2.5m (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 121% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Affordable Living for the Aging sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include NB Housing Partners ($2.5m), Squire Village Preservation NFP ($2.5m) and Appalachian Home & Health Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $225k (8.0% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $11.4m against liabilities of $12.1m, net assets of -$717k. It reported 23 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.