Folsom Oaks Apartments Inc

Analysis

Folsom Oaks Apartments Inc is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in August 2006, 20 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 June 2023, Folsom Oaks Apartments Inc reported income of $232k and spending of $560k, spending 241% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $203k to $232k (+14%), an average of +3.4% a year. Over the whole period it spent 260% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Folsom Oaks Apartments Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Catholic Eldercare at St Hedwigs ($232k), Cheyenne Trails II Corporation ($232k) and Homestead Supportive Housingcorporation ($232k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 44% of the total. Other salaries and wages came to $53k. At year end it held assets of $3.5m against liabilities of $5.3m, net assets of -$1.8m.

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.