Apollo Foundation Inc

Analysis

Apollo Foundation Inc is a registered charity in United States, based in Kenner, LA. It received its IRS tax-exemption ruling in March 2022, 4 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, Apollo Foundation Inc reported income of $868k and spending of $863k, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $640k to $868k (+36%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Apollo Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within LA. Charities of a similar size with the same main cause include Community First ($868k), Ser-Jobs for Progress National Inc ($868k) and Central Baptist Community Development Corporation ($868k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of -$4 against liabilities of $0, net assets of -$4.