Golden Oaks Apartments Inc

Analysis

Golden Oaks Apartments Inc is a registered charity in United States, based in Cookeville, TN. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Golden Oaks Apartments Inc reported income of $116k and spending of $151k, spending 131% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $99k to $116k (+17%), an average of +4.1% a year. The sharpest change came in the year to June 2024, when income rose by 16%. Over the whole period it spent 143% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Golden Oaks Apartments Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within TN. Charities of a similar size with the same main cause include Mountain Valley Haven ($116k), Housing Land Trust Ventura County ($116k) and Mental Health Center of Champaign County Housing Corporation ($116k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 47% and program service revenue 49% of the total. At year end it held assets of $1.2m against liabilities of $20k, net assets of $1.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.