Aldersgate Housing Ministry of Oklahoma City

Analysis

Aldersgate Housing Ministry of Oklahoma City is a registered charity in United States, based in Grapevine, TX. It received its IRS tax-exemption ruling in December 1975, 51 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, Aldersgate Housing Ministry of Oklahoma City reported income of $556k and spending of $529k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $508k to $556k (+9.6%), an average of +2.3% a year. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Aldersgate Housing Ministry of Oklahoma City sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Gallatin Manor Inc ($556k), Mission Housing Development Properties III Inc ($557k) and Community Ventures Inc ($556k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $102k. At year end it held assets of $1.1m against liabilities of $1.8m, net assets of -$637k.