Elderwerks Educational Services

Analysis

Elderwerks Educational Services is a registered charity in United States, based in Palatine, IL. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Elderwerks Educational Services reported income of $994k and spending of $1.0m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $762k to $994k (+30%), an average of +6.9% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Elderwerks Educational Services sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within IL. Charities of a similar size with the same main cause include Essie Mae Kiser Foxx Charter School ($994k), Oregon Alliance of Independent Colleges and Universities ($994k) and Pencil Box Inc ($994k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $76k (7.5% of expenses). Other salaries and wages came to $367k. At year end it held assets of $246k against liabilities of $27k, net assets of $219k. It reported 12 employees.