Ahepa 78 Inc

Analysis

Ahepa 78 Inc is a registered charity in United States, based in Merrillville, IN. It received its IRS tax-exemption ruling in October 1986, 40 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 78 Inc reported income of $464k and spending of $415k, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $389k to $464k (+19%), an average of +6.1% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ahepa 78 Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IN. Charities of a similar size with the same main cause include Kent Attainable Housing Inc ($464k), Housing Assistance Office Inc ($465k) and Steele County Transitional Housing Inc ($464k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $671k against liabilities of $62k, net assets of $609k.