First Baptist Apple Street Housing Foundation

Analysis

First Baptist Apple Street Housing Foundation is a registered charity in United States, based in Burlington, NC. It received its IRS tax-exemption ruling in March 1985, 41 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, First Baptist Apple Street Housing Foundation reported income of $338k and spending of $384k, spending 114% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $308k to $338k (+9.6%), an average of +2.3% a year. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, First Baptist Apple Street Housing Foundation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within NC. Charities of a similar size with the same main cause include RVM Medford II Housing Corporation ($338k), McAuley Manor Inc ($338k) and Woodside Village II Inc ($338k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. At year end it held assets of $2.2m against liabilities of $2.5m, net assets of -$242k.