Apparo Solutions Inc

Analysis

Apparo Solutions Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Apparo Solutions Inc reported income of $1.7m and spending of $1.9m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $988k to $1.7m (+71%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 34%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Apparo Solutions Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NC. Charities of a similar size with the same main cause include Green Lake Renewal Inc ($1.7m), Compasspoint Nonprofit Services ($1.7m) and Metzenbaum Sheltered Industries Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $146k (7.8% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $1.3m against liabilities of $578k, net assets of $725k. It reported 20 employees.