Ahepa 343 Inc

Analysis

Ahepa 343 Inc is a registered charity in United States, based in Lavergne, TN. It received its IRS tax-exemption ruling in October 2002, 24 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 June 2023, Ahepa 343 Inc reported income of $467k and spending of $520k, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $401k to $467k (+16%), an average of +3.9% 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, Ahepa 343 Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within TN. Charities of a similar size with the same main cause include Delta Care Hope Foundation ($467k), Covenant Shelter of New London Inc ($467k) and Heart of the Family Assistance Inc ($467k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $2.4m against liabilities of $90k, net assets of $2.3m.

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.