Enriched Resources for Independent Elderly Inc

Analysis

Enriched Resources for Independent Elderly Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Enriched Resources for Independent Elderly Inc reported income of $1.0m and spending of $930k, spending 92% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $706k to $1.0m (+44%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Enriched Resources for Independent Elderly 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 76th percentile within NY. Charities of a similar size with the same main cause include Children of the Immaculate Heart ($1.0m), H3o Foundation ($1.0m) and Donaldsonville Area Arc Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Other salaries and wages came to $345k. At year end it held assets of $159k against liabilities of $203k, net assets of -$44k. It reported 11 employees.