Ardmore Housing for the Elderly Inc

Analysis

Ardmore Housing for the Elderly Inc is a registered charity in United States, based in Ardmore, PA. It received its IRS tax-exemption ruling in August 1983, 43 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Ardmore Housing for the Elderly Inc reported income of $809k and spending of $732k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $733k to $809k (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ardmore Housing for the Elderly Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within PA. Charities of a similar size with the same main cause include Orange County Fair Housing ($809k), Lumber River Housing Development Incorporated ($809k) and Mercy Properties California ($808k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 30% of the total. Other salaries and wages came to $185k. At year end it held assets of $2.2m against liabilities of $1.5m, net assets of $707k. It reported 5 employees.