Highland-Valley Elder Services Inc

Analysis

Highland-Valley Elder Services Inc is a registered charity in United States, based in Florence, MA. It received its IRS tax-exemption ruling in November 1975, 51 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, Highland-Valley Elder Services Inc reported income of $18.3m and spending of $17.3m, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $10.2m to $18.3m (+79%), an average of +16% a year. The sharpest change came in the year to June 2024, when income rose by 22%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Highland-Valley Elder Services Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Institute for the Redesign of Learning ($18.3m), Community Action PRGM Corp of Washington-Morgan Counties Ohio ($18.3m) and St Gertrudes Health Center ($18.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% and program service revenue 7.9% of the total. Compensation of current officers, directors and key employees was $184k (1.1% of expenses). At year end it held assets of $7.6m against liabilities of $3.5m, net assets of $4.1m. It reported 146 employees.