Ahepa 232 III Inc

Analysis

Ahepa 232 III Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in July 2003, 23 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 232 III Inc reported income of $569k and spending of $591k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $473k to $569k (+20%), an average of +4.7% a year. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ahepa 232 III Inc sits at the 61st 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 72nd percentile within IN. Charities of a similar size with the same main cause include Capitol Retirement Village Inc ($569k), Willbridge of Santa Barbara Inc ($569k) and Rcil-Rochester Barrier Free Housing Corporation ($569k).

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 $2.5m against liabilities of $49k, net assets of $2.4m.

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.