Evans Memorial Home for the Aged Inc

Analysis

Evans Memorial Home for the Aged Inc is a registered charity in United States, based in Cresco, IA. It received its IRS tax-exemption ruling in January 1965, 61 years ago. 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, Evans Memorial Home for the Aged Inc reported income of $5.6m and spending of $4.8m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.6m to $5.6m (+54%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Evans Memorial Home for the Aged Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IA. Charities of a similar size with the same main cause include Boys & Girls Club of Toledo ($5.6m), H L F Inc Chartered 101188 ($5.6m) and Fred Lind Manor ($5.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $145k (3.0% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $10.1m against liabilities of $1.4m, net assets of $8.8m. It reported 94 employees.