Ahepa 29 Phase II Inc

Analysis

Ahepa 29 Phase II Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in June 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 29 Phase II Inc reported income of $485k and spending of $511k, spending 105% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $458k to $485k (+5.8%), an average of +1.9% a year. Over the whole period it spent 111% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ahepa 29 Phase II 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 74th percentile within TX. Charities of a similar size with the same main cause include Opportunity Inc ($485k), Bergen County Community Housing in Partnership Inc ($485k) and Lakeshore Foundation Inc ($484k).

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 $2.0m against liabilities of $112k, net assets of $1.9m.

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.