Community Apartments Corporation of Metrolina

Analysis

Community Apartments Corporation of Metrolina is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in August 1991, 35 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 September 2023, Community Apartments Corporation of Metrolina reported income of $74k and spending of $76k, spending 103% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $67k to $74k (+10.0%), an average of +10% a year. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Apartments Corporation of Metrolina sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within NC. Charities of a similar size with the same main cause include Michigan Community Services for the Blind and Physically Challenged ($74k), LSS Housing 26th Street Inc ($74k) and Without Borders International ($74k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 41% and program service revenue 59% of the total. At year end it held assets of $224k against liabilities of $586k, net assets of -$363k.