Elderhostel Inc

Analysis

Elderhostel Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in April 1978, 48 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Elderhostel Inc reported income of $383.7m and spending of $344.1m, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $254.3m to $383.7m (+51%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 509%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Elderhostel Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MA. Charities of a similar size with the same main cause include United States Olympic & Paralympic Committee ($242.0m), Pac-12 Conference ($603.9m) and United States Golf Association ($211.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.8% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $3.5m (1.0% of expenses). Other salaries and wages came to $33.6m. At year end it held assets of $300.0m against liabilities of $184.8m, net assets of $115.2m. It reported 544 employees.