Ahepa Penelope 35-Ii Inc

Analysis

Ahepa Penelope 35-Ii Inc is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in October 2008, 18 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 Penelope 35-Ii Inc reported income of $354k and spending of $488k, spending 138% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $256k to $354k (+38%), an average of +8.4% a year. Over the whole period it spent 139% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ahepa Penelope 35-Ii Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within MN. Charities of a similar size with the same main cause include Angel Housing Solutions ($354k), Ridgeview Village Inc ($354k) and Hace Management Company ($354k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $3.0m against liabilities of $66k, net assets of $3.0m.

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.