Fulton Gardens Corporation

Analysis

Fulton Gardens Corporation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in June 2009, 17 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 (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, Fulton Gardens Corporation reported income of $303k and spending of $504k, spending 166% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $301k to $303k (+0.6%), an average of +0.1% a year. Over the whole period it spent 160% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fulton Gardens Corporation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Life of Victory International Christian Ministries ($303k), Morgan W Tann Housing Inc ($303k) and Susquehanna County Housing Development Corporation Inc ($303k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $53k. At year end it held assets of $4.3m against liabilities of $51k, net assets of $4.3m. It reported 4 employees.

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.