Ahepa 250-Iii Inc

Analysis

Ahepa 250-Iii Inc is a registered charity in United States, based in Groton, CT. It received its IRS tax-exemption ruling in July 1995, 31 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 250-Iii Inc reported income of $643k and spending of $654k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $435k to $643k (+48%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 26%. 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 250-Iii Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within CT. Charities of a similar size with the same main cause include Lafontaine Center Inc ($642k), Plymouth Healing Communities ($643k) and Weston Community Housing Inc ($642k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.7m against liabilities of $79k, net assets of $1.7m.

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.