Cape Cod Apartments Inc

Analysis

Cape Cod Apartments Inc is a registered charity in United States, based in Falmouth, MA. It received its IRS tax-exemption ruling in June 1969, 57 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 December 2023, Cape Cod Apartments Inc reported income of $1.6m and spending of $1.2m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $917k to $1.6m (+73%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cape Cod Apartments Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MA. Charities of a similar size with the same main cause include Senior Living Concepts ($1.6m), Interfaith Hospitality Network of Washtenaw County Inc ($1.6m) and Concord Area Trust for Community Housing ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 32% of the total. Other salaries and wages came to $171k. At year end it held assets of $12.0m against liabilities of $8.8m, net assets of $3.2m.