Cambridge Apts Inc

Analysis

Cambridge Apts Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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, Cambridge Apts Inc reported income of $449k and spending of $445k, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $420k to $449k (+7.1%), an average of +2.3% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cambridge Apts Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within MD. Charities of a similar size with the same main cause include Lutherhaus Inc ($449k), Pinewood Manor Inc ($449k) and The Foundation at Kittitas Valley Healthcare ($449k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $26k. At year end it held assets of $2.1m against liabilities of $2.2m, net assets of -$154k.