Azalea Terrace Inc

Analysis

Azalea Terrace Inc is a registered charity in United States, based in Muskogee, OK. It received its IRS tax-exemption ruling in May 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 December 2023, Azalea Terrace Inc reported income of $84k and spending of $123k, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $81k to $84k (+3.9%), an average of +1.0% a year. Over the whole period it spent 143% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Azalea Terrace Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within OK. Charities of a similar size with the same main cause include Homes for Independence Space Coast Inc ($84k), LSS Housing Mill Road Inc ($84k) and Bethlehem Inn of Waseca ($84k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Other salaries and wages came to $17k. At year end it held assets of $872k against liabilities of $1.4m, net assets of -$572k.

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.