Ahepa 310-Xi Inc

Analysis

Ahepa 310-Xi Inc is a registered charity in United States, based in Theodore, AL. It received its IRS tax-exemption ruling in March 2008, 18 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 310-Xi Inc reported income of $379k and spending of $494k, spending 131% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $350k to $379k (+8.2%), an average of +2.7% a year. Over the whole period it spent 128% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ahepa 310-Xi Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within AL. Charities of a similar size with the same main cause include L E R Housing Development Fund Corporation ($379k), Herkimer Affordable Housing Inc ($379k) and Housing Trust Placer Inc ($378k).

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 $2.9m against liabilities of $48k, net assets of $2.8m.

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.