Apple Community Development Corporation

Analysis

Apple Community Development Corporation is a registered charity in United States, based in Grand Prairie, TX. It received its IRS tax-exemption ruling in January 2017, 9 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 December 2023, Apple Community Development Corporation reported income of $722k and spending of $790k, spending 109% of what it took in. Across the 5 years on record, from December 2018 to December 2023, income grew from $372k to $722k (+94%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 162%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Apple Community Development Corporation 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 79th percentile within TX. Charities of a similar size with the same main cause include Cook County Higher Education ($721k), Junior League of Denver Incorporated ($722k) and Historic Third Ward Association Inc ($721k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.8% and program service revenue 97% of the total. Other salaries and wages came to $421k. At year end it held assets of $613k against liabilities of $500k, net assets of $113k.