Sage Eldercare Inc

Analysis

Sage Eldercare Inc is a registered charity in United States, based in Summit, NJ. It received its IRS tax-exemption ruling in April 1956, 70 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Sage Eldercare Inc reported income of $3.0m and spending of $3.2m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.6m to $3.0m (-16%), an average of -4.4% a year. The sharpest change came in the year to December 2020, when income dropped by 17%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sage Eldercare Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include Cornerstone Christian Academy ($3.0m), San Diego Futures Foundation ($3.0m) and University of Idaho Strategic Initiatives Fund Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $147k (4.6% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $5.8m against liabilities of $221k, net assets of $5.6m. It reported 97 employees.