Slovene Home for the Aged Foundation

Analysis

Slovene Home for the Aged Foundation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Slovene Home for the Aged Foundation reported income of $96k and spending of $1.1m, spending 1141% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $96k (-91%), an average of -46% a year. The sharpest change came in the year to December 2021, when income rose by 803%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Slovene Home for the Aged Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within OH. Charities of a similar size with the same main cause include Crossroads Foundation Sunshine Brooks Permanent Fund Endowment TR ($96k), High Impact Athletes ($96k) and Vision for the Americas Inc ($96k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% of the total. At year end it held assets of $24.1m against liabilities of $19k, net assets of $24.0m.