Elderheart Inc

Analysis

Elderheart Inc is a registered charity in United States, based in Sisters, OR. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Elderheart Inc reported income of $4.3m and spending of $4.5m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $4.3m (+74%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 81%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Elderheart Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within OR. Charities of a similar size with the same main cause include Suffolk County Vanderbilt Museum ($4.3m), Strand-Capitol Performing Arts Center Inc ($4.3m) and Recess Activities ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $422k (9.3% of expenses). Other salaries and wages came to $991k. At year end it held assets of $5.4m against liabilities of $1.1m, net assets of $4.3m. It reported 17 employees.