Affordable Housing Services

Analysis

Affordable Housing Services is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in July 1994, 32 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 Housing Services reported income of $219k and spending of $277k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $251k to $219k (-13%), an average of -3.3% a year. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Affordable Housing Services sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Artspace Development Corporation ($219k), Searcy Housing Solutions Inc ($220k) and 130 Howe Street Inc ($219k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. At year end it held assets of $687k against liabilities of $1.1m, net assets of -$386k.

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.