Intercontinental Affordable Housing Inc

Analysis

Intercontinental Affordable Housing Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in September 1993, 33 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, Intercontinental Affordable Housing Inc reported income of $538k and spending of $522k, spending 97% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $12.1m to $538k (-96%), an average of -46% a year. The sharpest change came in the year to December 2020, when income rose by 527%. Over the whole period it spent 25% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Intercontinental Affordable Housing Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include New Life Economic Development Inc ($538k), Community Alliance Housing Corporation ($538k) and Riverview Terrace Inc ($537k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $120k (23% of expenses). Other salaries and wages came to $232k. At year end it held assets of $36.1m against liabilities of $29k, net assets of $36.0m. It reported 7 employees.