Aldersgate At The Oaks
Aldersgate At The Oaks consistently operates at a deficit, drawing down assets while liabilities grow.
EIN: 204345855 · Orangeburg, SC · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $58K |
| Total Expenses | $83K |
| Program Spending | 80% |
| Net Assets | $-94,840 |
| Transparency Score | 65/100 |
Is Aldersgate At The Oaks Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Aldersgate At The Oaks directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Aldersgate At The Oaks
Aldersgate At The Oaks (EIN: 204345855) is a nonprofit organization based in Orangeburg, SC, classified under NTEE code L20. The organization reported total revenue of $58K and total assets of $425K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Aldersgate At The Oaks's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Aldersgate At The Oaks is a micro nonprofit that has been operating for 19 years, with 5 years of IRS 990 filings on record (2020–2024). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $59K |
| Total Expenses | $83K |
| Surplus / Deficit | $-23,281 |
| Total Assets | $429K |
| Total Liabilities | $523K |
| Net Assets | $-94,840 |
| Operating Margin | -39.3% |
| Debt-to-Asset Ratio | 122.1% |
| Months of Reserves | 62.3 months |
Financial Health Grade: C
In 2024, Aldersgate At The Oaks reported a deficit of $23K with expenses exceeding revenue, holds 62.3 months of operating reserves (strong position), has a debt-to-asset ratio of 122.1% (high leverage).
Financial Trends
Over 5 years of filings (2020–2024), Aldersgate At The Oaks's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +2.6% | +8.3% | -4.9% |
| 2023 | -1.5% | +14.0% | -4.6% |
| 2022 | +13.8% | +10.5% | -1.1% |
| 2021 | -5.0% | -1.0% | -3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Aldersgate At The Oaks with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Aldersgate At The Oaks allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $23K, with expenses exceeding revenue.
- Debt-to-asset ratio: 122.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based, which is commendable for a small nonprofit.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Aldersgate At The Oaks's IRS 990 filings:
- Consistent operating deficits (e.g., $23,281 deficit in 2024)
- Declining assets over the past five years (from $495,771 in 2020 to $428,648 in 2024)
- Liabilities consistently exceed assets, indicating potential insolvency or significant debt burden (e.g., $523,488 liabilities vs. $428,648 assets in 2024)
Strengths
The following positive indicators were identified for Aldersgate At The Oaks:
- 0% officer compensation, indicating volunteer leadership and efficient use of funds for administration.
- Consistent revenue stream, albeit modest, over the past five years.
Frequently Asked Questions about Aldersgate At The Oaks
Is Aldersgate At The Oaks a legitimate charity?
Aldersgate At The Oaks (EIN: 204345855) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 65/100. It has 5 years of IRS 990 filings on record. Total revenue: $58K. 3 red flags identified. 2 strengths noted. Financial health grade: C.
How does Aldersgate At The Oaks spend its money?
Aldersgate At The Oaks directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Aldersgate At The Oaks tax-deductible?
Aldersgate At The Oaks is registered as a tax-exempt nonprofit (EIN: 204345855). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Aldersgate At The Oaks's spending goes to programs?
Aldersgate At The Oaks directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Aldersgate At The Oaks compare to similar nonprofits?
With a transparency score of 65/100 (Good), Aldersgate At The Oaks is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Aldersgate At The Oaks located?
Aldersgate At The Oaks is headquartered in Orangeburg, South Carolina and files with the IRS under EIN 204345855. It is classified under NTEE code L20.
How many years of IRS 990 filings does Aldersgate At The Oaks have?
Aldersgate At The Oaks has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $58K in total revenue.
How does Aldersgate At The Oaks cover its consistent operating deficits?
The organization consistently reports expenses exceeding revenue (e.g., $82,509 expenses vs. $59,228 revenue in 2024), leading to a decline in assets over time. This suggests they are either drawing down reserves or have other unreported funding sources.
What is the nature of the organization's liabilities, which have grown to over $523,000?
The filings show liabilities consistently exceeding assets, reaching $523,488 in 2024. Understanding the composition of these liabilities (e.g., mortgages, program-related debt) is crucial for assessing financial risk.
Given the NTEE code L20 (Nursing Homes), what specific programs does Aldersgate At The Oaks operate?
While the NTEE code indicates a focus on nursing homes, the small revenue and asset base suggest it might be a supporting organization or provide specific, limited services rather than operating a full-scale nursing home. Further detail on program activities would be beneficial.
Filing History
IRS 990 filing history for Aldersgate At The Oaks showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2020–2024), Aldersgate At The Oaks's revenue has grown by 9.2%, moving from $54K to $59K. Total assets decreased by 13.5% over the same period, from $496K to $429K. Total functional expenses rose by 35.1%, from $61K to $83K. In its most recent filing year (2024), Aldersgate At The Oaks reported a deficit of $23K, with expenses exceeding revenue. The organization holds $523K in liabilities against $429K in assets (debt-to-asset ratio: 122.1%), resulting in net assets of $-94,840.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $59K | $83K | $429K | $523K | — | — |
| 2023 | $58K | $76K | $451K | $522K | — | View 990 |
| 2022 | $59K | $67K | $473K | $526K | — | — |
| 2021 | $52K | $60K | $478K | $523K | — | — |
| 2020 | $54K | $61K | $496K | $532K | — | — |
Year-by-Year Financial Summary
- 2024: Revenue of $59K, expenses of $83K, and assets of $429K (revenue +2.6% year-over-year).
- 2023: Revenue of $58K, expenses of $76K, and assets of $451K (revenue -1.5% year-over-year).
- 2022: Revenue of $59K, expenses of $67K, and assets of $473K (revenue +13.8% year-over-year).
- 2021: Revenue of $52K, expenses of $60K, and assets of $478K (revenue -5.0% year-over-year).
- 2020: Revenue of $54K, expenses of $61K, and assets of $496K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Aldersgate At The Oaks:
Data Sources and Methodology
This transparency report for Aldersgate At The Oaks is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.