Affordable Housing Solutions

Analysis

Affordable Housing Solutions is a registered charity in United States, based in Burbank, CA. It received its IRS tax-exemption ruling in June 2001, 25 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, Affordable Housing Solutions reported income of $188k and spending of $106k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2018 to December 2023, income grew from $55k to $188k (+241%), an average of +36% a year. The sharpest change came in the year to December 2020, when income rose by 57463%. Over the whole period it spent 161% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Affordable Housing Solutions sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Hosanna Home ($188k), Framingham Housing Development Corporation II ($188k) and Nar Roberts Jr Incorporated ($188k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. At year end it held assets of $425k against liabilities of $72k, net assets of $354k.