Presbyterian Oaks Iii Incorporated
Presbyterian Oaks Iii Incorporated consistently operates at a deficit with declining assets and high liabilities.
EIN: 204481177 · Talladega, AL · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $179K |
| Total Expenses | $202K |
| Program Spending | 80% |
| Net Assets | $-667,335 |
| Transparency Score | 45/100 |
Is Presbyterian Oaks Iii Incorporated Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Presbyterian Oaks Iii Incorporated directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Presbyterian Oaks Iii Incorporated
Presbyterian Oaks Iii Incorporated (EIN: 204481177) is a nonprofit organization based in Talladega, AL, classified under NTEE code L22. The organization reported total revenue of $179K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Presbyterian Oaks Iii Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Presbyterian Oaks Iii Incorporated is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 5.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $161K |
| Total Expenses | $202K |
| Surplus / Deficit | $-40,587 |
| Total Assets | $1.3M |
| Total Liabilities | $2.0M |
| Net Assets | $-667,335 |
| Operating Margin | -25.2% |
| Debt-to-Asset Ratio | 150.4% |
| Months of Reserves | 78.7 months |
Financial Health Grade: C
In 2024, Presbyterian Oaks Iii Incorporated reported a deficit of $41K with expenses exceeding revenue, holds 78.7 months of operating reserves (strong position), has a debt-to-asset ratio of 150.4% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Presbyterian Oaks Iii Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +4.9% | +3.6% | -2.9% |
| 2023 | +5.6% | +8.1% | -2.8% |
| 2022 | -2.9% | +1.8% | -3.4% |
| 2021 | +9.8% | -4.1% | -0.9% |
| 2020 | +3.1% | +8.0% | -3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Presbyterian Oaks Iii Incorporated with a Mission Score of 45 out of 100 (Fair). 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, Presbyterian Oaks Iii Incorporated 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 $41K, with expenses exceeding revenue.
- Debt-to-asset ratio: 150.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting a volunteer-led executive structure or that executive functions are covered by an external entity, which can be a positive for resource allocation.
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 Presbyterian Oaks Iii Incorporated's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue in all reported periods, e.g., $40,587 deficit in 202403).
- Declining asset base over the past decade (from $1.7M in 2015 to $1.3M in 2024).
- Liabilities consistently exceed assets (e.g., $1.99M liabilities vs. $1.32M assets in 202403), indicating potential solvency issues.
Strengths
The following positive indicators were identified for Presbyterian Oaks Iii Incorporated:
- Consistent IRS 990 filing history (13 filings), indicating good transparency.
- Zero reported officer compensation across all periods, suggesting efficient use of funds at the executive level.
Frequently Asked Questions about Presbyterian Oaks Iii Incorporated
Is Presbyterian Oaks Iii Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Presbyterian Oaks Iii Incorporated (EIN: 204481177) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does Presbyterian Oaks Iii Incorporated spend its money?
Presbyterian Oaks Iii Incorporated directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Presbyterian Oaks Iii Incorporated tax-deductible?
Presbyterian Oaks Iii Incorporated is registered as a tax-exempt nonprofit (EIN: 204481177). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Presbyterian Oaks Iii Incorporated's spending goes to programs?
Presbyterian Oaks Iii Incorporated directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Presbyterian Oaks Iii Incorporated compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Presbyterian Oaks Iii Incorporated is near average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Presbyterian Oaks Iii Incorporated located?
Presbyterian Oaks Iii Incorporated is headquartered in Talladega, Alabama and files with the IRS under EIN 204481177. It is classified under NTEE code L22.
How many years of IRS 990 filings does Presbyterian Oaks Iii Incorporated have?
Presbyterian Oaks Iii Incorporated has 13 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 $179K in total revenue.
How does Presbyterian Oaks Iii Incorporated cover its consistent operational deficits?
The provided data shows consistent deficits (expenses exceeding revenue) in all periods, for example, a $40,587 deficit in 202403. This suggests the organization relies on drawing down assets or other unreported funding sources to cover its operational costs.
What is the long-term plan for addressing the declining asset base and high liabilities?
Assets have decreased from $1,706,793 in 2015 to $1,323,142 in 2024, while liabilities remain around $2 million. This trend indicates a potential long-term solvency challenge that would require a strategic financial plan.
Are there detailed expense breakdowns available to understand program vs. administrative spending?
The provided summary data does not include a detailed breakdown of expenses into program, administrative, or fundraising categories, which limits the ability to fully assess spending efficiency.
Filing History
IRS 990 filing history for Presbyterian Oaks Iii Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Presbyterian Oaks Iii Incorporated's revenue has grown by 92.5%, moving from $84K to $161K. Total assets decreased by 28.6% over the same period, from $1.9M to $1.3M. Total functional expenses rose by 55.1%, from $130K to $202K. In its most recent filing year (2024), Presbyterian Oaks Iii Incorporated reported a deficit of $41K, with expenses exceeding revenue. The organization holds $2.0M in liabilities against $1.3M in assets (debt-to-asset ratio: 150.4%), resulting in net assets of $-667,335.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $161K | $202K | $1.3M | $2.0M | — | View 990 |
| 2023 | $154K | $195K | $1.4M | $2.0M | — | View 990 |
| 2022 | $146K | $180K | $1.4M | $2.0M | — | View 990 |
| 2021 | $150K | $177K | $1.5M | $2.0M | — | — |
| 2020 | $136K | $185K | $1.5M | $2.0M | — | View 990 |
| 2019 | $132K | $171K | $1.5M | $2.0M | — | View 990 |
| 2018 | $106K | $176K | $1.6M | $2.0M | — | View 990 |
| 2017 | $120K | $164K | $1.6M | $2.0M | — | View 990 |
| 2016 | $120K | $157K | $1.7M | $2.0M | — | View 990 |
| 2015 | $111K | $142K | $1.7M | $2.0M | — | View 990 |
| 2014 | $91K | $161K | $1.7M | $2.0M | — | View 990 |
| 2013 | $88K | $133K | $1.8M | $2.0M | — | View 990 |
| 2012 | $84K | $130K | $1.9M | $2.0M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $161K, expenses of $202K, and assets of $1.3M (revenue +4.9% year-over-year).
- 2023: Revenue of $154K, expenses of $195K, and assets of $1.4M (revenue +5.6% year-over-year).
- 2022: Revenue of $146K, expenses of $180K, and assets of $1.4M (revenue -2.9% year-over-year).
- 2021: Revenue of $150K, expenses of $177K, and assets of $1.5M (revenue +9.8% year-over-year).
- 2020: Revenue of $136K, expenses of $185K, and assets of $1.5M (revenue +3.1% year-over-year).
- 2019: Revenue of $132K, expenses of $171K, and assets of $1.5M (revenue +24.5% year-over-year).
- 2018: Revenue of $106K, expenses of $176K, and assets of $1.6M (revenue -11.2% year-over-year).
- 2017: Revenue of $120K, expenses of $164K, and assets of $1.6M (revenue -0.1% year-over-year).
- 2016: Revenue of $120K, expenses of $157K, and assets of $1.7M (revenue +8.2% year-over-year).
- 2015: Revenue of $111K, expenses of $142K, and assets of $1.7M (revenue +22.0% year-over-year).
- 2014: Revenue of $91K, expenses of $161K, and assets of $1.7M (revenue +3.3% year-over-year).
- 2013: Revenue of $88K, expenses of $133K, and assets of $1.8M (revenue +4.8% year-over-year).
- 2012: Revenue of $84K, expenses of $130K, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Presbyterian Oaks Iii Incorporated:
Data Sources and Methodology
This transparency report for Presbyterian Oaks Iii Incorporated 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.