Community Apartments Corporation of Forsyth County

Analysis

Community Apartments Corporation of Forsyth County is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in September 2000, 26 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 Forsyth County reported income of $76k and spending of $76k, spending 99% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $69k to $76k (+11%), an average of +11% a year. Over the whole period it spent 100% 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 Forsyth County sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within NC. Charities of a similar size with the same main cause include Muggsy Bogues Family Foundation ($76k), Randall County Sheriffs Office Employee Assistance Fund ($76k) and Building Solid Foundations Inc ($76k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. At year end it held assets of $386k against liabilities of $591k, net assets of -$206k.