Old Colony Elder Services Inc

Analysis

Old Colony Elder Services Inc is a registered charity in United States, based in Brockton, MA. It received its IRS tax-exemption ruling in November 1974, 52 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 2023, Old Colony Elder Services Inc reported income of $63.9m and spending of $62.8m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $53.8m to $63.9m (+19%), an average of +4.4% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Old Colony Elder Services Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Corp Serv Med Prim Y Prev de Hatillo ($63.8m), Goodwill Industries Inc ($63.9m) and Hospice of Cincinnati Incorporated ($63.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $327k (0.5% of expenses). Other salaries and wages came to $12.4m. At year end it held assets of $28.3m against liabilities of $13.8m, net assets of $14.5m. It reported 313 employees.