Elders Lodge Corporation

Analysis

Elders Lodge Corporation is a registered charity in United States, based in St Paul, MN. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Elders Lodge Corporation reported income of $475k and spending of $575k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $446k to $475k (+6.4%), an average of +1.6% a year. Over the whole period it spent 121% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Elders Lodge Corporation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MN. Charities of a similar size with the same main cause include 50th Street Housing Development Fund Corporation ($475k), Mountain Living Community Inc ($475k) and Epsom Elderly Housing Inc ($474k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $59k. At year end it held assets of $2.1m against liabilities of $3.6m, net assets of -$1.5m.

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.