Culpepper Garden III Inc

Analysis

Culpepper Garden III Inc is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in January 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Culpepper Garden III Inc reported income of $4.4m and spending of $4.8m, spending 108% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.7m to $4.4m (+18%), an average of +4.3% a year. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Culpepper Garden III Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within VA. Charities of a similar size with the same main cause include Local Office on Aging Inc ($4.4m), Full Life ($4.4m) and Living Hungry Inc ($4.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.4% and program service revenue 97% of the total. Other salaries and wages came to $2.5m. At year end it held assets of $3.9m against liabilities of $6.9m, net assets of -$2.9m. It reported 103 employees.