Estelle Peabody Memorial Home Inc

Analysis

Estelle Peabody Memorial Home Inc is a registered charity in United States, based in N Manchester, IN. It received its IRS tax-exemption ruling in August 1945, 81 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Estelle Peabody Memorial Home Inc reported income of $24.0m and spending of $24.1m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $23.2m to $24.0m (+3.6%), an average of +0.9% a year. The sharpest change came in the year to December 2021, when income dropped by 21%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Estelle Peabody Memorial Home Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within IN. Charities of a similar size with the same main cause include Covenant Living of Florida Inc ($24.0m), Western Youth Services ($24.0m) and Catholic Charities of the Diocese of St Cloud ($23.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 98% of the total. Other salaries and wages came to $9.9m. At year end it held assets of $30.5m against liabilities of $26.7m, net assets of $3.8m. It reported 464 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.