Apex Community Care Inc

Analysis

Apex Community Care Inc is a registered charity in United States, based in Danbury, CT. It received its IRS tax-exemption ruling in March 1989, 37 years ago. 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 December 2023, Apex Community Care Inc reported income of $7.7m and spending of $7.7m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $7.7m (+220%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Apex Community Care Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within CT. Charities of a similar size with the same main cause include National Veterans Legal Services Program Inc ($7.7m), C R L a Foundation ($7.7m) and Hospice of Midland Incorporated ($7.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $405k (5.3% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $3.3m against liabilities of $2.5m, net assets of $786k. It reported 69 employees.