Eldercircle

Analysis

Eldercircle is a registered charity in United States, based in Grand Rapids, MN. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Eldercircle reported income of $1.3m and spending of $908k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $854k to $1.3m (+53%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Eldercircle sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MN. Charities of a similar size with the same main cause include Sable Media ($1.3m), Maps Community Foundation ($1.3m) and Reach of Haywood County Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $56k (6.2% of expenses). Other salaries and wages came to $426k. At year end it held assets of $1.1m against liabilities of $99k, net assets of $978k. It reported 30 employees.