Elm Terrace Gardens

Analysis

Elm Terrace Gardens is a registered charity in United States, based in Lansdale, PA. It received its IRS tax-exemption ruling in January 1981, 45 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 2023, Elm Terrace Gardens reported income of $23.4m and spending of $21.9m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $20.8m to $23.4m (+12%), an average of +3.0% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Elm Terrace Gardens sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Yolo Food Bank ($23.3m), Compass Family Services ($23.4m) and Innovative Services Inc ($23.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.7% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $479k (2.2% of expenses). Other salaries and wages came to $8.2m. At year end it held assets of $42.7m against liabilities of $27.9m, net assets of $14.8m. It reported 266 employees.