Eldernet of Lower Merion and Narberth

Analysis

Eldernet of Lower Merion and Narberth is a registered charity in United States, based in Bryn Mawr, PA. It received its IRS tax-exemption ruling in November 1976, 50 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 2024, Eldernet of Lower Merion and Narberth reported income of $1.1m and spending of $849k, leaving 24% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $687k to $1.1m (+63%), an average of +13% a year. The sharpest change came in the year to June 2024, when income rose by 78%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Eldernet of Lower Merion and Narberth sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include North Carolina Farmworkers Project Inc ($1.1m), Ainsleys Angels of America ($1.1m) and Feed Clothe and Help ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $388k. At year end it held assets of $1.8m against liabilities of $14k, net assets of $1.8m. It reported 7 employees.