Community Apartments Corporation of Burke County

Analysis

Community Apartments Corporation of Burke County is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in May 1995, 31 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 Burke County reported income of $60k and spending of $65k, spending 109% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income fell from $66k to $60k (-9.9%), an average of -9.9% a year. Over the whole period it spent 104% 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 Burke County sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within NC. Charities of a similar size with the same main cause include Wright Track ($60k), Brewhaus Bakery Co ($60k) and Orono-Old Town Kiwanis Charities ($60k).

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 $423k against liabilities of $697k, net assets of -$275k.