Elderplan Inc

Analysis

Elderplan Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1983, 43 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Elderplan Inc reported income of $1.59bn and spending of $1.56bn, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.22bn to $1.59bn (+30%), an average of +6.9% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Elderplan Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NY. Charities of a similar size with the same main cause include Toledo Hospital ($1.59bn), Prisma Health-Midlands ($1.60bn) and Commonspirit Washington ($1.59bn).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.1m (0.1% of expenses). Other salaries and wages came to $87.1m. At year end it held assets of $678.0m against liabilities of $389.8m, net assets of $288.2m. It reported 1,141 employees.