Aha Development Corporation

Analysis

Aha Development Corporation is a registered charity in United States, based in Auburn, NY. It received its IRS tax-exemption ruling in September 2013, 13 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 March 2024, Aha Development Corporation reported income of $808k and spending of $419k, leaving 48% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income fell from $1.1m to $808k (-26%), an average of -7.3% a year. The sharpest change came in the year to March 2023, when income rose by 199%. Over the whole period it spent 64% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Aha Development Corporation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Arlington Non-Profit Housing Corp ($807k), Chest of Hope Inc ($808k) and Love Thy Neighbor in Service Inc ($807k).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 92% of the total. Other salaries and wages came to $39k. At year end it held assets of $8.1m against liabilities of $6.3m, net assets of $1.7m.