Community Apartments Corporation of High Point

Analysis

Community Apartments Corporation of High Point is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in April 1990, 36 years ago. 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, Community Apartments Corporation of High Point reported income of $54k and spending of $68k, spending 127% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income fell from $60k to $54k (-10%), an average of -10% a year. Over the whole period it spent 127% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Apartments Corporation of High Point sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within NC. Charities of a similar size with the same main cause include Columbia Gorge Wind and Water Assoc ($54k), Little League Baseball Inc ($54k) and PTA California Congress of Parents Teachers & Students Inc ($54k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 61% and program service revenue 38% of the total. At year end it held assets of $314k against liabilities of $635k, net assets of -$321k.