Aha Development Corp

Analysis

Aha Development Corp is a registered charity in United States, based in Beacon Falls, CT. It received its IRS tax-exemption ruling in August 2024, 2 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 September 2022, Aha Development Corp reported income of $154k and spending of $134k, spending 87% of its income. Across the 2 years on record, from September 2018 to September 2022, income grew from $149k to $154k (+2.9%), an average of +2.9% a year. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Aha Development Corp sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within CT. Charities of a similar size with the same main cause include Rosewood Apartments Inc ($153k), Rotary Haciendas Inc ($154k) and Mansfield Elderly Housing Association ($153k).

On its Form 990-EZ for the period ending September 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $209k against liabilities of $87k, net assets of $122k.