Ahepa 78 Phase V Inc

Analysis

Ahepa 78 Phase V Inc is a registered charity in United States, based in Merrillville, IN. It received its IRS tax-exemption ruling in March 2004, 22 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 June 2023, Ahepa 78 Phase V Inc reported income of $424k and spending of $453k, spending 107% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $383k to $424k (+11%), an average of +3.5% a year. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ahepa 78 Phase V Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within IN. Charities of a similar size with the same main cause include Volunteers of America Inc ($423k), Jacksonville Community Land Trust Inc ($424k) and TG 305 Inc ($423k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.7m against liabilities of $68k, net assets of $2.6m.

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.