Ahepa 284 III Inc

Analysis

Ahepa 284 III Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in June 2007, 19 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 284 III Inc reported income of $318k and spending of $428k, spending 135% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $294k to $318k (+8.2%), an average of +2.0% a year. Over the whole period it spent 126% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ahepa 284 III Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within SC. Charities of a similar size with the same main cause include RVM Yreka Housing Corporation ($318k), SNHS Elderly Housing Inc ($318k) and Peninsula Housing Development Inc Xviii ($318k).

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 $3.4m against liabilities of $370k, net assets of $3.0m.

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.