Elm Manor Homes

Analysis

Elm Manor Homes is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in September 1983, 43 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 October 2023, Elm Manor Homes reported income of $396k and spending of $376k, spending 95% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $375k to $396k (+5.7%), an average of +1.4% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Elm Manor Homes sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within VA. Charities of a similar size with the same main cause include Chesterfield County Council on Aging ($396k), New York Appleseed Inc ($397k) and Nourishment for the Needy Inc ($396k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Other salaries and wages came to $78k. At year end it held assets of $1.0m against liabilities of $674k, net assets of $338k. It reported 7 employees.