Eastwood Assisted Living Inc

Analysis

Eastwood Assisted Living Inc is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in February 1979, 47 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, Eastwood Assisted Living Inc reported income of $4.2m and spending of $4.6m, spending 108% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.6m to $4.2m (+17%), an average of +5.3% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 111% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Eastwood Assisted Living Inc 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 91st percentile, and in the 92nd percentile within VA. Charities of a similar size with the same main cause include Snyder Nursing Home Inc ($4.2m), South Central Medical and Resource Center Inc ($4.2m) and Kansas City Hospice Foundation ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 95% of the total. Other salaries and wages came to $2.1m. At year end it held assets of $2.8m against liabilities of $3.8m, net assets of -$1.0m. It reported 77 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.