Ahepa 245 Inc

Analysis

Ahepa 245 Inc is a registered charity in United States, based in Newport, RI. It received its IRS tax-exemption ruling in August 1987, 39 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 245 Inc reported income of $687k and spending of $658k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $585k to $687k (+17%), an average of +4.1% a year. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ahepa 245 Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 70th percentile within RI. Charities of a similar size with the same main cause include Osborne Apartments Inc ($686k), Jonah Affordable Housing Organization ($687k) and Mallard Run Housing Development Charter No 1304420 ($686k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 92% of the total. At year end it held assets of $1.2m against liabilities of $2.0m, net assets of -$772k.