Vinalhaven Eldercare Services- Resources

Analysis

Vinalhaven Eldercare Services- Resources is a registered charity in United States, based in Vinalhaven, ME. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Vinalhaven Eldercare Services- Resources reported income of $760k and spending of $821k, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $620k to $760k (+23%), an average of +5.2% a year. The sharpest change came in the year to June 2020, when income rose by 18%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vinalhaven Eldercare Services- Resources sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within ME. Charities of a similar size with the same main cause include Aging in America Inc ($760k), National Council for Agricultural Education ($760k) and United Way St Croix and Red Cedar Valleys Inc ($760k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $92k (11% of expenses). Other salaries and wages came to $395k. At year end it held assets of $870k against liabilities of $14k, net assets of $856k. It reported 27 employees.