Ahepa 250 IV Inc

Analysis

Ahepa 250 IV Inc is a registered charity in United States, based in Niantic, CT. It received its IRS tax-exemption ruling in November 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 (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 250 IV Inc reported income of $529k and spending of $637k, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $475k to $529k (+11%), an average of +2.7% a year. Over the whole period it spent 128% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ahepa 250 IV Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within CT. Charities of a similar size with the same main cause include Samchai ($529k), Operation Life Inc ($529k) and Newcourtland Life at St Bartholomew Inc ($529k).

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 $4.7m against liabilities of $89k, net assets of $4.6m.

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.