Elan Gardens Inc

Analysis

Elan Gardens Inc is a registered charity in United States, based in S Abingtn TWP, PA. It received its IRS tax-exemption ruling in December 1995, 31 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, Elan Gardens Inc reported income of $3.2m and spending of $3.3m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $3.2m (+4.4%), an average of +1.1% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Elan Gardens Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include Rhema Housing Inc ($3.2m), Tipton Home ($3.2m) and Frankford Community Development Corporation ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $70k (2.2% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $5.8m against liabilities of $849k, net assets of $4.9m. It reported 94 employees.