Presbyterian Oaks III Incorporated

Analysis

Presbyterian Oaks III Incorporated is a registered charity in United States, based in Talladega, AL. It received its IRS tax-exemption ruling in October 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 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 March 2024, Presbyterian Oaks III Incorporated reported income of $161k and spending of $202k, spending 125% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $136k to $161k (+18%), an average of +4.3% a year. Over the whole period it spent 126% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Presbyterian Oaks III Incorporated sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within AL. Charities of a similar size with the same main cause include Sutton Irvine Residences Inc ($161k), Senior Haven Apartments Inc ($161k) and Isanti Community Services Inc ($161k).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $1.3m against liabilities of $2.0m, net assets of -$667k.

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.