Ahepa 245 Inc
Ahepa 245 Inc: Consistent Revenue, Declining Assets, and Zero Compensation
EIN: 222778822 · Newport, RI · NTEE: L22Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $672K |
| Total Expenses | $658K |
| CEO/Top Officer Pay | $0 |
| Net Assets | $-771,560 |
| Transparency Score | 65/100 |
Is Ahepa 245 Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ahepa 245 Inc
Ahepa 245 Inc (EIN: 222778822) is a nonprofit organization based in Newport, RI, classified under NTEE code L22Z. The organization reported total revenue of $672K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ahepa 245 Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ahepa 245 Inc is a small nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $687K |
| Total Expenses | $658K |
| Surplus / Deficit | +$28K |
| Total Assets | $1.2M |
| Total Liabilities | $2.0M |
| Net Assets | $-771,560 |
| Operating Margin | 4.1% |
| Debt-to-Asset Ratio | 161.9% |
| Months of Reserves | 22.7 months |
Financial Health Grade: A
In 2023, Ahepa 245 Inc reported a surplus of $28K with revenue exceeding expenses, holds 22.7 months of operating reserves (strong position), has a debt-to-asset ratio of 161.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ahepa 245 Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.4% | -0.9% | -2.7% |
| 2022 | -1.6% | +6.0% | -4.8% |
| 2021 | +0.6% | +3.1% | -1.5% |
| 2020 | +7.5% | -11.5% | -2.5% |
| 2019 | +0.2% | +16.5% | -8.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 245 Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Ahepa 245 Inc allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $28K, with revenue exceeding expenses.
- Debt-to-asset ratio: 161.9%.
Executive Compensation Analysis
Executive compensation is consistently reported as $0 across all available filings, indicating either volunteer leadership or compensation is not reported in a standard manner.
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 245 Inc's IRS 990 filings:
- Consistent decline in total assets from $1,742,748 in 2016 to $1,188,853 in 2023 without clear explanation.
- Reporting 0% compensation for all years raises questions about how leadership is compensated or if services are entirely volunteer-based and not fully disclosed.
- The spending breakdown (programs, admin, fundraising) is consistently 0%, which is unusual for an active nonprofit and suggests a lack of detailed financial reporting in this area.
Strengths
The following positive indicators were identified for Ahepa 245 Inc:
- Consistent revenue generation over the past several years, demonstrating financial stability in income.
- No reported compensation expenses, which could indicate efficient operations if leadership is volunteer-based.
Frequently Asked Questions about Ahepa 245 Inc
Is Ahepa 245 Inc a legitimate charity?
Ahepa 245 Inc (EIN: 222778822) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $672K. 3 red flags identified. 2 strengths noted. Financial health grade: A.
How does Ahepa 245 Inc spend its money?
Ahepa 245 Inc reported $672K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Ahepa 245 Inc tax-deductible?
Ahepa 245 Inc is registered as a tax-exempt nonprofit (EIN: 222778822). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Ahepa 245 Inc CEO make?
Ahepa 245 Inc's highest-compensated officer earns $0 annually. The organization reported $672K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Ahepa 245 Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Ahepa 245 Inc is above average for NTEE category L22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ahepa 245 Inc located?
Ahepa 245 Inc is headquartered in Newport, Rhode Island and files with the IRS under EIN 222778822. It is classified under NTEE code L22Z.
How many years of IRS 990 filings does Ahepa 245 Inc have?
Ahepa 245 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 $672K in total revenue.
What does Ahepa 245 Inc do?
Ahepa 245 Inc is a nonprofit organization in the Housing & Shelter sector, located in Newport, Rhode Island. It is classified under NTEE code L22Z.
How much revenue does Ahepa 245 Inc have?
Ahepa 245 Inc reported total revenue of $671,755. Based on 13 IRS 990 filings on record.
What are Ahepa 245 Inc's total assets?
Ahepa 245 Inc holds total assets of $1,188,853 as reported in IRS 990 filings.
Where is Ahepa 245 Inc located?
Ahepa 245 Inc is based in Newport, Rhode Island.
What is Ahepa 245 Inc's EIN?
Ahepa 245 Inc's Employer Identification Number (EIN) is 222778822. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Ahepa 245 Inc?
Ahepa 245 Inc is classified under NTEE code L22Z (Housing & Shelter).
Is Ahepa 245 Inc a registered 501(c)(3)?
Yes, Ahepa 245 Inc is recognized as a tax-exempt organization by the IRS. EIN: 222778822.
Does Ahepa 245 Inc file IRS Form 990?
Yes, Ahepa 245 Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Ahepa 245 Inc's revenue in 2023?
In the 202306 filing period, Ahepa 245 Inc reported total revenue of $686,573, total expenses of $658,478, and net assets of $1,246,649.
Is Ahepa 245 Inc's revenue growing or declining?
Ahepa 245 Inc's revenue is growing. Revenue went from $621,668 (202206) to $686,573 (202306), a +10.4% change. Based on 13 filings on record.
What is Ahepa 245 Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Ahepa 245 Inc covers tax period 202306. It shows revenue of $686,573, expenses of $658,478, total assets of $1,246,649, and liabilities of $2,018,209.
Is Ahepa 245 Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Ahepa 245 Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Ahepa 245 Inc?
The following concerns were identified: Consistent decline in total assets from $1,742,748 in 2016 to $1,188,853 in 2023 without clear explanation.. Reporting 0% compensation for all years raises questions about how leadership is compensated or if services are entirely volunteer-based and not fully disclosed.. The spending breakdown (programs, admin, fundraising) is consistently 0%, which is unusual for an active nonprofit and suggests a lack of detailed financial reporting in this area.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Ahepa 245 Inc's strengths?
Positive indicators for Ahepa 245 Inc include: Consistent revenue generation over the past several years, demonstrating financial stability in income.. No reported compensation expenses, which could indicate efficient operations if leadership is volunteer-based.. These findings are derived from AI analysis of the organization's financial filings.
How does Ahepa 245 Inc compensate executives?
Executive compensation is consistently reported as $0 across all available filings, indicating either volunteer leadership or compensation is not reported in a standard manner. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 0% compensation and 0% spending breakdown, how does Ahepa 245 Inc operate and achieve its mission?
The filings indicate no reported expenses for programs, administration, or fundraising, and no executive compensation. This suggests either a highly unusual operational model where all services are provided pro-bono and expenses are covered by an external entity, or a significant lack of detailed financial reporting in the provided documents.
Filing History
IRS 990 filing history for Ahepa 245 Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ahepa 245 Inc's revenue has grown by 38.7%, moving from $495K to $687K. Total assets decreased by 20.9% over the same period, from $1.6M to $1.2M. Total functional expenses rose by 31%, from $503K to $658K. In its most recent filing year (2023), Ahepa 245 Inc reported a surplus of $28K, with revenue exceeding expenses. The organization holds $2.0M in liabilities against $1.2M in assets (debt-to-asset ratio: 161.9%), resulting in net assets of $-771,560.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $687K | $658K | $1.2M | $2.0M | — | View 990 |
| 2022 | $622K | $665K | $1.3M | $2.1M | — | View 990 |
| 2021 | $632K | $627K | $1.3M | $2.1M | — | View 990 |
| 2020 | $628K | $608K | $1.4M | $2.1M | — | View 990 |
| 2019 | $585K | $687K | $1.4M | $2.2M | — | View 990 |
| 2018 | $584K | $590K | $1.5M | $2.2M | — | View 990 |
| 2017 | $579K | $617K | $1.6M | $2.3M | — | View 990 |
| 2016 | $561K | $646K | $1.7M | $2.4M | — | View 990 |
| 2015 | $546K | $608K | $1.9M | $2.5M | — | View 990 |
| 2014 | $520K | $606K | $2.0M | $2.5M | — | View 990 |
| 2013 | $527K | $683K | $2.2M | $2.6M | — | View 990 |
| 2012 | $522K | $595K | $2.4M | $2.6M | — | View 990 |
| 2011 | $495K | $503K | $1.6M | $1.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $687K, expenses of $658K, and assets of $1.2M (revenue +10.4% year-over-year).
- 2022: Revenue of $622K, expenses of $665K, and assets of $1.3M (revenue -1.6% year-over-year).
- 2021: Revenue of $632K, expenses of $627K, and assets of $1.3M (revenue +0.6% year-over-year).
- 2020: Revenue of $628K, expenses of $608K, and assets of $1.4M (revenue +7.5% year-over-year).
- 2019: Revenue of $585K, expenses of $687K, and assets of $1.4M (revenue +0.2% year-over-year).
- 2018: Revenue of $584K, expenses of $590K, and assets of $1.5M (revenue +0.8% year-over-year).
- 2017: Revenue of $579K, expenses of $617K, and assets of $1.6M (revenue +3.1% year-over-year).
- 2016: Revenue of $561K, expenses of $646K, and assets of $1.7M (revenue +2.8% year-over-year).
- 2015: Revenue of $546K, expenses of $608K, and assets of $1.9M (revenue +5.1% year-over-year).
- 2014: Revenue of $520K, expenses of $606K, and assets of $2.0M (revenue -1.5% year-over-year).
- 2013: Revenue of $527K, expenses of $683K, and assets of $2.2M (revenue +0.9% year-over-year).
- 2012: Revenue of $522K, expenses of $595K, and assets of $2.4M (revenue +5.5% year-over-year).
- 2011: Revenue of $495K, expenses of $503K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ahepa 245 Inc:
Data Sources and Methodology
This transparency report for Ahepa 245 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.