Community Apartments Corporation of Catawba County

Analysis

Community Apartments Corporation of Catawba County is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 1996, 30 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 Catawba County reported income of $60k and spending of $60k, spending 100% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $60k to $60k (+0.2%), an average of +0.2% 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 Catawba 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 Portneuf Medical Center Auxiliary ($60k), Masters Hands Ministries ($60k) and Care Connections Network ($60k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. At year end it held assets of $476k against liabilities of $655k, net assets of -$179k.