Elder Care Two Inc

Analysis

Elder Care Two Inc is a registered charity in United States, based in Bristol, RI. It received its IRS tax-exemption ruling in June 1996, 30 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Elder Care Two Inc reported income of $737k and spending of $775k, spending 105% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $610k to $737k (+21%), an average of +4.8% a year. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Elder Care Two Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within RI. Charities of a similar size with the same main cause include Passageways Ltd ($737k), Shiloh Community Housing Inc ($737k) and Salvation Army Wahiawa Residences Inc ($737k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 98% of the total. At year end it held assets of $2.4m against liabilities of $103k, net assets of $2.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.