Southern Harbor Eldercare Services

Analysis

Southern Harbor Eldercare Services is a registered charity in United States, based in North Haven, ME. It received its IRS tax-exemption ruling in July 2016, 10 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 December 2023, Southern Harbor Eldercare Services reported income of $645k and spending of $501k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $246k to $645k (+162%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Southern Harbor Eldercare Services sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within ME. Charities of a similar size with the same main cause include On-The-Move Community Integration ($645k), Set Beautiful Free ($645k) and Indian Valley Kids Only Club Inc ($645k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $53k (11% of expenses). Other salaries and wages came to $208k. At year end it held assets of $4.2m against liabilities of $775k, net assets of $3.5m. It reported 17 employees.