Life Eldercare Inc

Analysis

Life Eldercare Inc is a registered charity in United States, based in Fremont, CA. It received its IRS tax-exemption ruling in August 1975, 51 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, Life Eldercare Inc reported income of $507k and spending of $4.5m, spending 896% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $2.5m to $507k (-80%), an average of -33% a year. The sharpest change came in the year to June 2021, when income rose by 118%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Eldercare Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Dream Street Foundation ($507k), Operation Walk Los Angeles Inc ($507k) and Mason S Voice Inc ($507k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 51% and program service revenue 0.2% of the total. Other salaries and wages came to $738k. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 31 employees.