Apex Community Care Inc
Apex Community Care Inc: Steady Growth, Strong Program Focus
EIN: 222951387 · Danbury, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $8.9M |
| Total Expenses | $7.7M |
| Program Spending | 85% |
| Net Assets | $786K |
| Transparency Score | 85/100 |
Is Apex Community Care Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Apex Community Care Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Apex Community Care Inc
Apex Community Care Inc (EIN: 222951387) is a nonprofit organization based in Danbury, CT. The organization reported total revenue of $8.9M and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Apex Community Care Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Apex Community Care Inc is a mid-size nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.7M |
| Total Expenses | $7.7M |
| Surplus / Deficit | +$20K |
| Total Assets | $3.3M |
| Total Liabilities | $2.5M |
| Net Assets | $786K |
| Operating Margin | 0.3% |
| Debt-to-Asset Ratio | 76.1% |
| Months of Reserves | 5.1 months |
Financial Health Grade: A
In 2023, Apex Community Care Inc reported a surplus of $20K with revenue exceeding expenses, holds 5.1 months of operating reserves (adequate), has a debt-to-asset ratio of 76.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Apex Community Care Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +54.3% | +47.1% | +3.2% |
| 2022 | +47.9% | +52.0% | +21.5% |
| 2021 | +23.5% | +16.3% | -12.5% |
| 2020 | +13.7% | +26.1% | +63.3% |
| 2019 | +10.4% | +13.7% | -2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Apex Community Care Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Apex Community Care Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $20K, with revenue exceeding expenses.
- Debt-to-asset ratio: 76.1%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but the organization's overall expenses and revenue growth suggest a reasonable allocation of resources.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Apex Community Care Inc:
- Consistent revenue growth from $1.3M in 2016 to $7.7M in 2023, indicating strong community support and effective operations.
- High percentage of spending directed towards programs, demonstrating a commitment to their mission.
- Healthy asset growth, from $1.1M in 2016 to $3.2M in 2023, strengthening their financial stability.
- Low liability-to-asset ratio, suggesting good financial management and solvency.
Frequently Asked Questions about Apex Community Care Inc
Is Apex Community Care Inc a legitimate charity?
Apex Community Care Inc (EIN: 222951387) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $8.9M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Apex Community Care Inc spend its money?
Apex Community Care Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Apex Community Care Inc tax-deductible?
Apex Community Care Inc is registered as a tax-exempt nonprofit (EIN: 222951387). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Apex Community Care Inc's spending goes to programs?
Apex Community Care Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Apex Community Care Inc located?
Apex Community Care Inc is headquartered in Danbury, Connecticut and files with the IRS under EIN 222951387.
How many years of IRS 990 filings does Apex Community Care Inc have?
Apex Community Care Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $8.9M in total revenue.
What does Apex Community Care Inc do?
Apex Community Care Inc is a nonprofit organization in the Unknown sector, located in Danbury, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Apex Community Care Inc have?
Apex Community Care Inc reported total revenue of $8,902,108. Based on 13 IRS 990 filings on record.
What are Apex Community Care Inc's total assets?
Apex Community Care Inc holds total assets of $3,714,640 as reported in IRS 990 filings.
Where is Apex Community Care Inc located?
Apex Community Care Inc is based in Danbury, Connecticut.
What is Apex Community Care Inc's EIN?
Apex Community Care Inc's Employer Identification Number (EIN) is 222951387. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Apex Community Care Inc?
Apex Community Care Inc is classified under NTEE code Unknown (Unknown).
Is Apex Community Care Inc a registered 501(c)(3)?
Apex Community Care Inc appears in IRS records (EIN: 222951387). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Apex Community Care Inc file IRS Form 990?
Yes, Apex Community Care Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Apex Community Care Inc's revenue in 2023?
In the 202312 filing period, Apex Community Care Inc reported total revenue of $7,701,095, total expenses of $7,680,701, and net assets of $3,284,585.
Is Apex Community Care Inc's revenue growing or declining?
Apex Community Care Inc's revenue is growing. Revenue went from $4,992,005 (202212) to $7,701,095 (202312), a +54.3% change. Based on 13 filings on record.
What is Apex Community Care Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Apex Community Care Inc covers tax period 202312. It shows revenue of $7,701,095, expenses of $7,680,701, total assets of $3,284,585, and liabilities of $2,498,937.
How much does Apex Community Care Inc spend on programs vs administration?
Based on IRS 990 analysis, Apex Community Care Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Apex Community Care Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Apex Community Care Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Apex Community Care Inc's strengths?
Positive indicators for Apex Community Care Inc include: Consistent revenue growth from $1.3M in 2016 to $7.7M in 2023, indicating strong community support and effective operations.. High percentage of spending directed towards programs, demonstrating a commitment to their mission.. Healthy asset growth, from $1.1M in 2016 to $3.2M in 2023, strengthening their financial stability.. Low liability-to-asset ratio, suggesting good financial management and solvency.. These findings are derived from AI analysis of the organization's financial filings.
How does Apex Community Care Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, but the organization's overall expenses and revenue growth suggest a reasonable allocation of resources. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Apex Community Care Inc?
• Apex Community Care Inc. consistently reports 0% lobbying expenses across all available filings. • Detailed functional expense breakdowns are provided in their Form 990s, allowing for clear analysis of program, administrative, and fundraising costs. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How has Apex Community Care Inc. managed to achieve such consistent revenue growth over the past seven years?
The consistent revenue growth, from $1,329,995 in 2016 to $7,701,095 in 2023, suggests effective program delivery, successful fundraising strategies, and potentially expanding service areas or increased demand for their services in Danbury, CT.
What factors contribute to the organization's strong program spending percentage?
The high program spending percentage (estimated at 85%) indicates a lean operational structure and a strong focus on direct service delivery. This could be due to efficient administrative processes, volunteer involvement, or a mission that inherently requires significant direct program investment.
Filing History
IRS 990 filing history for Apex Community Care Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Apex Community Care Inc's revenue has grown by 535.5%, moving from $1.2M to $7.7M. Total assets increased by 314.1% over the same period, from $793K to $3.3M. Total functional expenses rose by 546.4%, from $1.2M to $7.7M. In its most recent filing year (2023), Apex Community Care Inc reported a surplus of $20K, with revenue exceeding expenses. The organization holds $2.5M in liabilities against $3.3M in assets (debt-to-asset ratio: 76.1%), resulting in net assets of $786K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.7M | $7.7M | $3.3M | $2.5M | — | — |
| 2022 | $5.0M | $5.2M | $3.2M | $2.4M | — | — |
| 2021 | $3.4M | $3.4M | $2.6M | $1.7M | — | View 990 |
| 2020 | $2.7M | $3.0M | $3.0M | $2.0M | — | View 990 |
| 2019 | $2.4M | $2.3M | $1.8M | $623K | — | View 990 |
| 2018 | $2.2M | $2.1M | $1.9M | $761K | — | View 990 |
| 2017 | $1.7M | $1.7M | $1.6M | $650K | — | — |
| 2016 | $1.3M | $1.3M | $1.1M | $145K | — | View 990 |
| 2015 | $1.6M | $1.1M | $1.3M | $316K | — | View 990 |
| 2014 | $1.0M | $1.1M | $597K | $149K | — | View 990 |
| 2013 | $1.1M | $1.2M | $674K | $138K | — | View 990 |
| 2012 | $1.1M | $1.1M | $755K | $114K | — | View 990 |
| 2011 | $1.2M | $1.2M | $793K | $135K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.7M, expenses of $7.7M, and assets of $3.3M (revenue +54.3% year-over-year).
- 2022: Revenue of $5.0M, expenses of $5.2M, and assets of $3.2M (revenue +47.9% year-over-year).
- 2021: Revenue of $3.4M, expenses of $3.4M, and assets of $2.6M (revenue +23.5% year-over-year).
- 2020: Revenue of $2.7M, expenses of $3.0M, and assets of $3.0M (revenue +13.7% year-over-year).
- 2019: Revenue of $2.4M, expenses of $2.3M, and assets of $1.8M (revenue +10.4% year-over-year).
- 2018: Revenue of $2.2M, expenses of $2.1M, and assets of $1.9M (revenue +28.0% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.7M, and assets of $1.6M (revenue +27.9% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.3M, and assets of $1.1M (revenue -18.6% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.1M, and assets of $1.3M (revenue +56.7% year-over-year).
- 2014: Revenue of $1.0M, expenses of $1.1M, and assets of $597K (revenue -2.4% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.2M, and assets of $674K (revenue -4.7% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.1M, and assets of $755K (revenue -7.4% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.2M, and assets of $793K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Apex Community Care Inc:
Data Sources and Methodology
This transparency report for Apex Community Care Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.