Louise W Eggleston Center Inc

Analysis

Louise W Eggleston Center Inc is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in December 1960, 66 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 June 2023, Louise W Eggleston Center Inc reported income of $30.9m and spending of $28.7m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $26.3m to $30.9m (+18%), an average of +4.1% a year. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Louise W Eggleston Center Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include Community Hospice Inc ($30.9m), Presbyterian Homes Inc ($30.9m) and Mayflower Retirement Center Inc ($30.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $724k (2.5% of expenses). Other salaries and wages came to $13.7m. At year end it held assets of $34.4m against liabilities of $9.4m, net assets of $25.0m. It reported 612 employees.