Ahepa 245-Ii Inc

Analysis

Ahepa 245-Ii Inc is a registered charity in United States, based in Newport, RI. It received its IRS tax-exemption ruling in June 1995, 31 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 245-Ii Inc reported income of $619k and spending of $584k, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $464k to $619k (+33%), an average of +7.5% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ahepa 245-Ii Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within RI. Charities of a similar size with the same main cause include Don Enterprises Inc ($618k), Ahepa 410 Inc ($619k) and Ridgeview Terrace Affordable Housing Inc ($618k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 84% of the total. At year end it held assets of $1.7m against liabilities of $256k, net assets of $1.4m.