Ahepa 58 Inc

Analysis

Ahepa 58 Inc is a registered charity in United States, based in Wethersfield, CT. It received its IRS tax-exemption ruling in June 1984, 42 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 June 2023, Ahepa 58 Inc reported income of $1.2m and spending of $1.3m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $1.2m (-13%), an average of -3.5% a year. The sharpest change came in the year to June 2020, when income dropped by 19%. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ahepa 58 Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within CT. Charities of a similar size with the same main cause include Home Ownership Made Easy ($1.2m), McHi Affordable Acquisitions Inc ($1.2m) and California League Fresno Village ($1.2m).

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 $8.9m against liabilities of $3.0m, net assets of $5.9m.

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.