Eras Senior Network Inc

Analysis

Eras Senior Network Inc is a registered charity in United States, based in Waukesha, WI. It received its IRS tax-exemption ruling in November 1981, 45 years ago. 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, Eras Senior Network Inc reported income of $1.8m and spending of $2.0m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.8m (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2020, when income rose by 19%. 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, Eras Senior Network Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within WI. Charities of a similar size with the same main cause include Areawide Housing for the Elderly of Broward Inc ($1.8m), Shrine of St Joseph Friends Inc ($1.8m) and Fremont Christian School ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $180k (9.0% of expenses). Other salaries and wages came to $909k. At year end it held assets of $1.2m against liabilities of $265k, net assets of $952k. It reported 32 employees.