Ahepa 489 Apartments Inc

Analysis

Ahepa 489 Apartments Inc is a registered charity in United States, based in New Port Richey, FL. It received its IRS tax-exemption ruling in May 2002, 24 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 489 Apartments Inc reported income of $489k and spending of $543k, spending 111% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $438k to $489k (+12%), an average of +3.8% a year. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ahepa 489 Apartments Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Whitneystrong Inc ($489k), Mercy Senior Housing Oxnard ($489k) and Bhi Foundation Inc ($489k).

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 $2.2m against liabilities of $215k, net assets of $2.0m.

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.