Elder Care One Inc

Analysis

Elder Care One Inc is a registered charity in United States, based in Bristol, RI. It received its IRS tax-exemption ruling in February 1993, 33 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Elder Care One Inc reported income of $660k and spending of $727k, spending 110% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $567k to $660k (+16%), an average of +3.9% a year. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Elder Care One Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within RI. Charities of a similar size with the same main cause include Homestead Resources ($660k), Rockwall Housing Development Corporation ($660k) and Homes for Families Inc ($660k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 97% of the total. At year end it held assets of $1.6m against liabilities of $91k, net assets of $1.5m.