Elkton Area United Services

Analysis

Elkton Area United Services is a registered charity in United States, based in Elkton, VA. It received its IRS tax-exemption ruling in March 1977, 49 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, Elkton Area United Services reported income of $570k and spending of $577k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $360k to $570k (+58%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 142%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Elkton Area United Services sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within VA. Charities of a similar size with the same main cause include Knox Heritage Inc ($569k), St Louis Association of Community Organizations ($570k) and Future Farmers of America and Its State Associations & Local Chapter ($569k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $52k (9.0% of expenses). Other salaries and wages came to $176k. At year end it held assets of $2.9m against liabilities of $1.4m, net assets of $1.4m. It reported 11 employees.