Ahepa 23-Iii Inc

Analysis

Ahepa 23-Iii Inc is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in October 2001, 25 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 23-Iii Inc reported income of $198k and spending of $329k, spending 166% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $194k to $198k (+2.1%), an average of +0.7% a year. Over the whole period it spent 141% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ahepa 23-Iii Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within AL. Charities of a similar size with the same main cause include Cityscape Community Redevelopment Inc ($198k), Naperville Elderly Homes Inc ($198k) and FF of Kettering Park Manor Inc ($198k).

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 $197k, net assets of $1.0m.

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.