Encore Living Group Inc

Analysis

Encore Living Group Inc is a registered charity in United States, based in Oakmont, PA. It received its IRS tax-exemption ruling in September 1985, 41 years ago. 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, Encore Living Group Inc reported income of $3.1m and spending of $3.7m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $3.1m (+3.7%), an average of +0.9% a year. The sharpest change came in the year to December 2022, when income rose by 35521%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Encore Living Group Inc sits at the 89th percentile: it is larger than about 89% 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 Ah Haa School for the Arts ($3.1m), Annapolis Maritime Museum Inc ($3.1m) and Peter Cardella Senior Citizen Center Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $379k. At year end it held assets of $31.7m against liabilities of $29.5m, net assets of $2.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.