Acapcommunity

Analysis

Acapcommunity is a registered charity in United States, based in Morganton, NC. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Acapcommunity reported income of $88k and spending of $82k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $77k to $88k (+15%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Acapcommunity sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 31st percentile within NC. Charities of a similar size with the same main cause include Heritage Foundation ($88k), Milan Christian Food Pantry ($88k) and Successful Living Center ($88k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $27k. At year end it held assets of $61k against liabilities of $0, net assets of $61k. It reported 1 employees.