Aldersgate II Inc

Analysis

Aldersgate II Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in June 1984, 42 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 December 2023, Aldersgate II Inc reported income of $381k and spending of $382k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $359k to $381k (+6.2%), an average of +1.5% a year. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Aldersgate II Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include Fiesta House Senior Housing Inc ($381k), Taylors Care Home Inc ($381k) and Meadowood Residents Association Inc ($381k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 35% of the total. At year end it held assets of $2.4m against liabilities of $2.1m, net assets of $318k.

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.