Campbell Apartments Inc

Analysis

Campbell Apartments Inc is a registered charity in United States, based in King, NC. It received its IRS tax-exemption ruling in July 2015, 11 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 June 2023, Campbell Apartments Inc reported income of $87k and spending of $138k, spending 157% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $57k to $87k (+53%), an average of +11% a year. The sharpest change came in the year to June 2020, when income rose by 38%. Over the whole period it spent 158% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Campbell Apartments Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within NC. Charities of a similar size with the same main cause include Conway Housing Associates Inc ($87k), Ethridge Recovery Center ($88k) and Habitat for Humanity Housing Development Fund Company Inc ($87k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 55% of the total. At year end it held assets of $1.4m against liabilities of $20k, net assets of $1.4m.

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.