Ahepa 242 Inc

Analysis

Ahepa 242 Inc is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in July 2006, 20 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 242 Inc reported income of $395k and spending of $471k, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $339k to $395k (+17%), an average of +3.9% a year. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ahepa 242 Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within SC. Charities of a similar size with the same main cause include Denver Community Ventures ($395k), Pine Tree Housing Corporation ($395k) and GMP Development Corp ($394k).

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 $2.9m against liabilities of $619k, 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.