Ahepa 250-V Inc

Analysis

Ahepa 250-V Inc is a registered charity in United States, based in Niantic, CT. It received its IRS tax-exemption ruling in March 2009, 17 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-V Inc reported income of $563k and spending of $707k, spending 125% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $493k to $563k (+14%), an average of +3.4% a year. Over the whole period it spent 127% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ahepa 250-V Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within CT. Charities of a similar size with the same main cause include Arbor Lakes Senior Housing ($563k), Volunteers of America Inc ($563k) and Eikon Ministries Inc ($563k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $6.1m against liabilities of $113k, net assets of $6.0m.

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.