Aldersgate at the Oaks

Analysis

Aldersgate at the Oaks is a registered charity in United States, based in Orangeburg, SC. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Aldersgate at the Oaks reported income of $59k and spending of $83k, spending 139% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $59k to $59k (+1.0%), an average of +0.5% a year. Over the whole period it spent 128% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Aldersgate at the Oaks sits at the 13th percentile: it is larger than about 13% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 29th percentile within SC. Charities of a similar size with the same main cause include Berks Housing Opportunities Inc ($59k), Lifetime Community Homes Inc ($59k) and Ida Community Development Corp Inc ($59k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 54% and program service revenue 45% of the total. At year end it held assets of $429k against liabilities of $523k, net assets of -$95k.

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.