Elderly Services Inc

Analysis

Elderly Services Inc is a registered charity in United States, based in Middlebury, VT. It received its IRS tax-exemption ruling in September 1993, 33 years ago. 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 2024, Elderly Services Inc reported income of $4.3m and spending of $2.3m, leaving 46% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.4m to $4.3m (+75%), an average of +15% a year. The sharpest change came in the year to June 2024, when income rose by 93%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Elderly Services Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within VT. Charities of a similar size with the same main cause include Northern Prairie Performing Arts ($4.3m), Boston Celtics Shamrock Foundation Inc ($4.3m) and Stanco Affordable Housing Corporation ($4.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 55% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $105k (4.6% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $9.3m against liabilities of $166k, net assets of $9.1m. It reported 60 employees.