Erie Residential Living Inc

Analysis

Erie Residential Living Inc is a registered charity in United States, based in Sandusky, OH. It received its IRS tax-exemption ruling in February 1977, 49 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, Erie Residential Living Inc reported income of $956k and spending of $1.1m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $827k to $956k (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2020, when income rose by 39%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Erie Residential Living Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within OH. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($956k), Ultrasound School of North American Rheumatologists Inc ($956k) and The Broadway Dance Lab Inc ($956k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $69k (6.2% of expenses). Other salaries and wages came to $717k. At year end it held assets of $591k against liabilities of $158k, net assets of $433k. It reported 26 employees.