The Elms Inc

Analysis

The Elms Inc is a registered charity in United States, based in Holyoke, MA. It received its IRS tax-exemption ruling in November 1983, 43 years ago. 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 July 2023, The Elms Inc reported income of $838k and spending of $923k, spending 110% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $733k to $838k (+14%), an average of +3.4% a year. Over the whole period it spent 119% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Elms 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 77th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include White Fields Inc ($838k), Heart of Camden Inc ($838k) and White House Fellows Foundation ($838k).

On its Form 990 for the period ending July 2023, revenue came from program service revenue 86% of the total. Other salaries and wages came to $5,409. At year end it held assets of $1.9m against liabilities of $4.3m, net assets of -$2.4m. It reported 4 employees.

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.