Mon Elder Services Inc

Analysis

Mon Elder Services Inc is a registered charity in United States, based in Morgantown, WV. It received its IRS tax-exemption ruling in July 1997, 29 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, Mon Elder Services Inc reported income of $7.1m and spending of $6.6m, spending 93% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $6.1m to $7.1m (+17%), an average of +3.2% a year. The sharpest change came in the year to December 2023, when income rose by 126%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mon Elder Services Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within WV. Charities of a similar size with the same main cause include Youville Place Inc ($7.1m), Lodge of Northbrook Inc ($7.1m) and Habitat for Humanity International Inc ($7.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 89% of the total. Other salaries and wages came to $2.8m. At year end it held assets of $40.6m against liabilities of $22.6m, net assets of $18.0m. It reported 96 employees.