Ahepa 3 Inc

Analysis

Ahepa 3 Inc is a registered charity in United States, based in Hoover, AL. It received its IRS tax-exemption ruling in April 1998, 28 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 3 Inc reported income of $606k and spending of $730k, spending 120% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $601k to $606k (+1.0%), an average of +0.3% a year. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ahepa 3 Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 76th percentile within AL. Charities of a similar size with the same main cause include Central City Housing Development Corporation ($606k), Calvary Housing Development Limited ($607k) and Afforda ($606k).

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 $2.6m against liabilities of $78k, net assets of $2.6m.