Community Apartments Corporation of Orange County

Analysis

Community Apartments Corporation of Orange County is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in December 1992, 34 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 Orange County reported income of $86k and spending of $118k, spending 137% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $82k to $86k (+4.5%), an average of +1.1% a year. Over the whole period it spent 117% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Community Apartments Corporation of Orange County 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 33rd percentile, and in the 31st percentile within NC. Charities of a similar size with the same main cause include Music That Heals Inc ($86k), Man Cave Health Inc ($86k) and Fight Like a Dozer ($86k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. At year end it held assets of $692k against liabilities of $974k, net assets of -$283k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.