Ahepa 250-Ii Inc

Analysis

Ahepa 250-Ii Inc is a registered charity in United States, based in Waterford, CT. It received its IRS tax-exemption ruling in January 1994, 32 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-Ii Inc reported income of $690k and spending of $747k, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $612k to $690k (+13%), an average of +3.1% a year. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ahepa 250-Ii 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 73rd percentile within CT. Charities of a similar size with the same main cause include Spring City Elderly Housing Corp ($690k), Community Networks Inc ($690k) and Mountain Springs Living Inc ($690k).

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 $2.1m against liabilities of $88k, net assets of $2.0m.

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.