Community Apartments Corporation of Richmond County

Analysis

Community Apartments Corporation of Richmond 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 Richmond County reported income of $69k and spending of $67k, spending 97% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $63k to $69k (+9.6%), an average of +9.6% a year. Over the whole period it spent 105% 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 Richmond County sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within NC. Charities of a similar size with the same main cause include Family Rocs ($69k), Rosewood Services Roots and Wings Foundation ($69k) and We Get 2 Give ($69k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. At year end it held assets of $426k against liabilities of $711k, net assets of -$285k.