Community Apartments Corporation of Wilson County

Analysis

Community Apartments Corporation of Wilson County is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in September 1998, 28 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 Wilson County reported income of $61k and spending of $69k, spending 113% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income grew from $52k to $61k (+17%), an average of +17% a year. The sharpest change came in the year to September 2023, when income rose by 17%. Over the whole period it spent 122% 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 Wilson 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 24th percentile, and in the 22nd percentile within NC. Charities of a similar size with the same main cause include Enfield School Age Program Inc ($61k), Foundation Blue Inc ($61k) and Thrive 10-10 Inc ($61k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. At year end it held assets of $433k against liabilities of $663k, net assets of -$230k.