Richmond Eldercare Coalition

Analysis

Richmond Eldercare Coalition is a registered charity in United States, based in Richmond, ME. It received its IRS tax-exemption ruling in April 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Richmond Eldercare Coalition reported income of $742k and spending of $789k, spending 106% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $710k to $742k (+4.5%), an average of +1.1% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Richmond Eldercare Coalition sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within ME. Charities of a similar size with the same main cause include Mennonite Fellowship Home Inc ($742k), Huron Area Senior Center ($742k) and My Warriors Place Inc ($741k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. Other salaries and wages came to $436k. At year end it held assets of $573k against liabilities of $171k, net assets of $402k. It reported 34 employees.