Ahepa 242 Inc
Ahepa 242 Inc. maintains stable assets and zero officer compensation despite recent operating deficits.
EIN: 203265536 · Greenville, SC · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $437K |
| Total Expenses | $471K |
| Program Spending | 85% |
| Net Assets | $2.3M |
| Transparency Score | 85/100 |
Is Ahepa 242 Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ahepa 242 Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ahepa 242 Inc
Ahepa 242 Inc (EIN: 203265536) is a nonprofit organization based in Greenville, SC, classified under NTEE code L20. The organization reported total revenue of $437K and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ahepa 242 Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ahepa 242 Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $395K |
| Total Expenses | $471K |
| Surplus / Deficit | $-76,362 |
| Total Assets | $2.9M |
| Total Liabilities | $619K |
| Net Assets | $2.3M |
| Operating Margin | -19.3% |
| Debt-to-Asset Ratio | 21.4% |
| Months of Reserves | 73.7 months |
Financial Health Grade: B
In 2023, Ahepa 242 Inc reported a deficit of $76K with expenses exceeding revenue, holds 73.7 months of operating reserves (strong position), has a debt-to-asset ratio of 21.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ahepa 242 Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.4% | +4.5% | -4.2% |
| 2022 | +2.6% | +7.9% | -1.0% |
| 2021 | +4.5% | +0.5% | -1.1% |
| 2020 | +6.1% | +4.8% | -2.0% |
| 2019 | +3.8% | +2.0% | -1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ahepa 242 Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Ahepa 242 Inc allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $76K, with expenses exceeding revenue.
- Debt-to-asset ratio: 21.4%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all filings, indicating a volunteer-led organization. This is highly favorable for a nonprofit of its size, as it directs more resources towards its mission rather than administrative salaries.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Ahepa 242 Inc's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 202306: Expenses $471,063 vs. Revenue $394,701)
- Significant historical liabilities, though largely resolved, suggest past financial challenges (e.g., $5.8M in 201406)
Strengths
The following positive indicators were identified for Ahepa 242 Inc:
- Zero officer compensation, indicating efficient use of funds for mission-related activities.
- Substantial asset base ($2,892,203 in 202306) provides financial stability.
- Significant reduction in liabilities over the past decade, demonstrating improved financial management.
- Consistent filing history (13 filings) indicates good transparency and compliance.
Frequently Asked Questions about Ahepa 242 Inc
Is Ahepa 242 Inc a legitimate charity?
Ahepa 242 Inc (EIN: 203265536) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $437K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Ahepa 242 Inc spend its money?
Ahepa 242 Inc directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Ahepa 242 Inc tax-deductible?
Ahepa 242 Inc is registered as a tax-exempt nonprofit (EIN: 203265536). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Ahepa 242 Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Ahepa 242 Inc is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ahepa 242 Inc located?
Ahepa 242 Inc is headquartered in Greenville, South Carolina and files with the IRS under EIN 203265536. It is classified under NTEE code L20.
How many years of IRS 990 filings does Ahepa 242 Inc have?
Ahepa 242 Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $437K in total revenue.
Is Ahepa 242 Inc. financially stable?
Yes, Ahepa 242 Inc. appears financially stable, maintaining substantial assets of $2,892,203 in 202306, despite recent years showing expenses slightly exceeding revenue. Their liabilities have also significantly decreased from a high of $5.8 million in 201406 to $619,063 in 202306.
How does Ahepa 242 Inc. manage executive compensation?
Ahepa 242 Inc. reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based, which is a strong positive for resource allocation.
What is the trend in Ahepa 242 Inc.'s revenue and expenses?
Revenue has generally been in the range of $300,000-$400,000 in recent years (e.g., $394,701 in 202306), with expenses often slightly higher (e.g., $471,063 in 202306). There was a significant revenue spike in 201506 ($668,002) and a very low revenue year in 201406 ($7,047).
Has Ahepa 242 Inc.'s debt burden changed over time?
Yes, the organization's liabilities have significantly decreased. They were as high as $5,819,605 in 201406 but have been reduced to $619,063 by 202306, indicating effective debt management.
Filing History
IRS 990 filing history for Ahepa 242 Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ahepa 242 Inc's revenue has grown by 40.5%, moving from $281K to $395K. Total assets decreased by 25.6% over the same period, from $3.9M to $2.9M. Total functional expenses rose by 41.7%, from $332K to $471K. In its most recent filing year (2023), Ahepa 242 Inc reported a deficit of $76K, with expenses exceeding revenue. The organization holds $619K in liabilities against $2.9M in assets (debt-to-asset ratio: 21.4%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $395K | $471K | $2.9M | $619K | — | View 990 |
| 2022 | $385K | $451K | $3.0M | $671K | — | View 990 |
| 2021 | $376K | $418K | $3.0M | $635K | — | View 990 |
| 2020 | $359K | $416K | $3.1M | $4.6M | — | View 990 |
| 2019 | $339K | $397K | $3.1M | $4.7M | — | View 990 |
| 2018 | $326K | $389K | $3.2M | $4.6M | — | View 990 |
| 2017 | $314K | $357K | $3.2M | $4.6M | — | View 990 |
| 2016 | $25K | $280K | $3.3M | $4.6M | — | View 990 |
| 2015 | $668K | $260K | $4.1M | $5.2M | — | View 990 |
| 2014 | $7K | $441K | $4.3M | $5.8M | — | View 990 |
| 2013 | $52K | $455K | $3.6M | $4.6M | — | View 990 |
| 2012 | $227K | $729K | $3.8M | $4.5M | — | View 990 |
| 2011 | $281K | $332K | $3.9M | $4.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $395K, expenses of $471K, and assets of $2.9M (revenue +2.4% year-over-year).
- 2022: Revenue of $385K, expenses of $451K, and assets of $3.0M (revenue +2.6% year-over-year).
- 2021: Revenue of $376K, expenses of $418K, and assets of $3.0M (revenue +4.5% year-over-year).
- 2020: Revenue of $359K, expenses of $416K, and assets of $3.1M (revenue +6.1% year-over-year).
- 2019: Revenue of $339K, expenses of $397K, and assets of $3.1M (revenue +3.8% year-over-year).
- 2018: Revenue of $326K, expenses of $389K, and assets of $3.2M (revenue +3.9% year-over-year).
- 2017: Revenue of $314K, expenses of $357K, and assets of $3.2M (revenue +1134.4% year-over-year).
- 2016: Revenue of $25K, expenses of $280K, and assets of $3.3M (revenue -96.2% year-over-year).
- 2015: Revenue of $668K, expenses of $260K, and assets of $4.1M (revenue +9379.2% year-over-year).
- 2014: Revenue of $7K, expenses of $441K, and assets of $4.3M (revenue -86.3% year-over-year).
- 2013: Revenue of $52K, expenses of $455K, and assets of $3.6M (revenue -77.3% year-over-year).
- 2012: Revenue of $227K, expenses of $729K, and assets of $3.8M (revenue -19.3% year-over-year).
- 2011: Revenue of $281K, expenses of $332K, and assets of $3.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ahepa 242 Inc:
Data Sources and Methodology
This transparency report for Ahepa 242 Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.