Elderwise Learning

Analysis

Elderwise Learning is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Elderwise Learning reported income of $91k and spending of $67k, leaving 26% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $57k to $91k (+59%), an average of +59% a year. The sharpest change came in the year to June 2024, when income rose by 59%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Elderwise Learning sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within MI. Charities of a similar size with the same main cause include Tennessee Music Education Association ($91k), Turtle Mountain Community College Foundation ($91k) and Barfield Elementary ($91k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 43% and program service revenue 50% of the total. At year end it held assets of $67k against liabilities of $0, net assets of $67k.