Ahepa 78 Phase II Inc

Analysis

Ahepa 78 Phase II Inc is a registered charity in United States, based in Merrillville, IN. It received its IRS tax-exemption ruling in April 1994, 32 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 Phase II Inc reported income of $473k and spending of $447k, spending 95% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $410k to $473k (+15%), an average of +4.9% a year. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ahepa 78 Phase II 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 East Millinocket Housing Corp ($473k), Ega Hall Housing Development Fund Corporation ($473k) and South Sand Springs Senior Citizens Apartments Inc ($473k).

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 $1.5m against liabilities of $56k, net assets of $1.4m.