Carver Apartment Inc

Analysis

Carver Apartment Inc is a registered charity in United States, based in West Columbia, SC. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Carver Apartment Inc reported income of $411k and spending of $508k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $368k to $411k (+12%), an average of +2.8% a year. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Carver Apartment Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within SC. Charities of a similar size with the same main cause include Cypress West Housing Development Fund Corporation ($411k), Aknp ($411k) and Ahepa 156 Inc ($411k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. At year end it held assets of $371k against liabilities of $165k, net assets of $207k.