Apple Group Inc

Analysis

Apple Group Inc is a registered charity in United States, based in Jonesboro, AR. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Apple Group Inc reported income of $1.1m and spending of $1.1m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $819k to $1.1m (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2020, when income rose by 71%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Apple Group Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within AR. Charities of a similar size with the same main cause include Heartland Health Research Alliance Ltd ($1.1m), Im Still Standing by Grace Inc ($1.1m) and Greater Lowell Health Alliance of Chna 10 Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $141k against liabilities of $9,801, net assets of $132k.

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.