Elderly Persons in Community Inc

Analysis

Elderly Persons in Community Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in March 1984, 42 years ago. 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 December 2023, Elderly Persons in Community Inc reported income of $301k and spending of $344k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $221k to $301k (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Elderly Persons in Community Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within OH. Charities of a similar size with the same main cause include Dillard Alumni and Friends Incorporated ($301k), PTA California Congress of Parents Teachers & Students Inc ($301k) and Spencer-Owen County Economic Development Corporation ($301k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $53k (15% of expenses). Other salaries and wages came to $110k. At year end it held assets of $303k against liabilities of $15k, net assets of $288k. It reported 8 employees.

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.