Ahepa 501-Iii Inc

Analysis

Ahepa 501-Iii Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in March 2005, 21 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 501-Iii Inc reported income of $594k and spending of $540k, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $470k to $594k (+26%), an average of +8.1% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ahepa 501-Iii 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 72nd percentile within NM. Charities of a similar size with the same main cause include Limas Samaritan House Inc ($594k), C E Ware Towers Incorporated ($594k) and Mission Hill Neighborhood Housing ($593k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 82% of the total. At year end it held assets of $3.3m against liabilities of $62k, net assets of $3.3m.