Community Apartments Corporation of Pitt County

Analysis

Community Apartments Corporation of Pitt County is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in July 1992, 34 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Pitt County reported income of $73k and spending of $79k, spending 108% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income fell from $75k to $73k (-1.9%), an average of -1.9% a year. Over the whole period it spent 108% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Apartments Corporation of Pitt County sits at the 28th percentile: it is larger than about 28% 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 Mount Baker Hub ($73k), Nevada US China Cultural Association ($73k) and Southwestern Pennsylvania Engineering Outreach Inc ($73k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. At year end it held assets of $294k against liabilities of $614k, net assets of -$320k.