Eldercare Network of Lincoln County

Analysis

Eldercare Network of Lincoln County is a registered charity in United States, based in Damariscotta, ME. It received its IRS tax-exemption ruling in June 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2022, Eldercare Network of Lincoln County reported income of $2.0m and spending of $2.6m, spending 130% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $2.4m to $2.0m (-16%), an average of -5.8% a year. The sharpest change came in the year to December 2022, when income dropped by 35%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Eldercare Network of Lincoln County sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within ME. Charities of a similar size with the same main cause include Young Mens Christian Assn of Greensburg Pa ($2.0m), Catholic Youth Assoc of Pittsburgh ($2.0m) and Foundation for the Horse ($2.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 17% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $1.6m (62% of expenses). At year end it held assets of $2.7m against liabilities of $2.2m, net assets of $534k. It reported 64 employees.