Ahepa 29 Phase III Inc

Analysis

Ahepa 29 Phase III Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 2002, 24 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 III Inc reported income of $676k and spending of $733k, spending 108% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $627k to $676k (+7.7%), an average of +2.5% a year. Over the whole period it spent 115% 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 III Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Vicksburg Elderly Housing Inc ($676k), 440 East 182 Street HDFC ($676k) and Communityworks in West Virginia Inc ($675k).

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 $87k, 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.