Elizabeth Seton Residence Inc

Analysis

Elizabeth Seton Residence Inc is a registered charity in United States, based in Wellesley HLS, MA. It received its IRS tax-exemption ruling in August 1982, 44 years ago. 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 December 2023, Elizabeth Seton Residence Inc reported income of $14.7m and spending of $14.8m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.6m to $14.7m (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2021, when income rose by 25%. 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, Elizabeth Seton Residence 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 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Charles Armstrong School ($14.7m), United Way of Bergen County ($14.7m) and Otterbein Portage Valley Inc ($14.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $215k (1.5% of expenses). Other salaries and wages came to $8.0m. At year end it held assets of $5.5m against liabilities of $2.0m, net assets of $3.5m. It reported 171 employees.