Ahepa 310-V Inc

Analysis

Ahepa 310-V Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in April 1996, 30 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 310-V Inc reported income of $471k and spending of $516k, spending 109% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $451k to $471k (+4.4%), an average of +1.4% 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 310-V 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 72nd percentile within AL. Charities of a similar size with the same main cause include National Steelworkers Oldtimers Community Urban Development ($471k), Ridge Point Non-Profit Housing Corporation ($471k) and Brownstone Gardens III Inc ($471k).

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 $1.2m against liabilities of $56k, net assets of $1.1m.

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.