Elderhouse Inc

Analysis

Elderhouse Inc is a registered charity in United States, based in Norwalk, CT. It received its IRS tax-exemption ruling in August 1977, 49 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, Elderhouse Inc reported income of $1.0m and spending of $1.1m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.0m to $1.0m (-2.2%), an average of -0.6% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Elderhouse Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within CT. Charities of a similar size with the same main cause include Meals-On-Wheels Delaware Inc ($1.0m), US Kids Child Development Center Inc ($1.0m) and DJH Kids and Community Center ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $140k (12% of expenses). Other salaries and wages came to $410k. At year end it held assets of $2.2m against liabilities of $39k, net assets of $2.1m. It reported 19 employees.