Apex Inc

Analysis

Apex Inc is a registered charity in United States, based in Anadarko, OK. It received its IRS tax-exemption ruling in November 1984, 42 years ago. 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, Apex Inc reported income of $687k and spending of $818k, spending 119% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.1m to $687k (-39%), an average of -15% a year. The sharpest change came in the year to June 2021, when income dropped by 38%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Apex Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within OK. Charities of a similar size with the same main cause include Youth for Christ USA Inc ($687k), House of Mercy Inc ($687k) and Lighthouse Ministries Inc ($687k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% of the total. Other salaries and wages came to $534k. At year end it held assets of $543k against liabilities of $70k, net assets of $473k.