Elder Network

Analysis

Elder Network is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in April 1992, 34 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Elder Network reported income of $798k and spending of $698k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $547k to $798k (+46%), an average of +9.9% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Elder Network sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MN. Charities of a similar size with the same main cause include Adom Health Foundation Inc ($797k), Southern Alleghenies Emergency Medical Services Council Inc ($798k) and Recovery Outreach Community Center ($797k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $66k (9.5% of expenses). Other salaries and wages came to $427k. At year end it held assets of $350k against liabilities of $67k, net assets of $282k. It reported 52 employees.