Edwards Adult Day Center

Analysis

Edwards Adult Day Center is a registered charity in United States, based in Martinsville, VA. It received its IRS tax-exemption ruling in July 1989, 37 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, Edwards Adult Day Center reported income of $520k and spending of $578k, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $613k to $520k (-15%), an average of -4.0% a year. The sharpest change came in the year to June 2022, when income rose by 977%. Over the whole period it spent 125% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Edwards Adult Day Center 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 71st percentile, and in the 71st percentile within VA. Charities of a similar size with the same main cause include Highland Youth Garden Inc ($520k), Sonata Housing Inc ($520k) and Inpro Enterprises Inc ($520k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.6% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $53k (9.1% of expenses). Other salaries and wages came to $296k. At year end it held assets of $908k against liabilities of $236k, net assets of $672k. It reported 28 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.