Fulton Gardens II Corporation

Analysis

Fulton Gardens II Corporation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in November 2013, 13 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 II Corporation reported income of $261k and spending of $427k, spending 164% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $223k to $261k (+17%), an average of +4.0% a year. Over the whole period it spent 168% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fulton Gardens II Corporation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Texas Low Income Housing Information Service ($261k), Housing Opportunities Inc ($261k) and Royal Pavilions of Creedmoor Inc ($261k).

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 $39k. At year end it held assets of $5.8m against liabilities of $87k, net assets of $5.8m. 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.