Presbyterian Oaks II Inc

Analysis

Presbyterian Oaks II Inc is a registered charity in United States, based in Talladega, AL. It received its IRS tax-exemption ruling in September 2003, 23 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 II Inc reported income of $214k and spending of $242k, spending 113% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $177k to $214k (+21%), an average of +5.0% a year. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Presbyterian Oaks II Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within AL. Charities of a similar size with the same main cause include Memphis Supportive Housing Inc ($214k), Good Shepherd Senior Apartments ($214k) and Housing Associates Inc ($214k).

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 $1.2m against liabilities of $2.0m, net assets of -$798k.

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.