Elder Spirit Development Co

Analysis

Elder Spirit Development Co is a registered charity in United States, based in Abingdon, VA. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Elder Spirit Development Co reported income of $155k and spending of $247k, spending 159% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $124k to $155k (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 138% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Elder Spirit Development Co sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 47th percentile within VA. Charities of a similar size with the same main cause include Resident Services Empowerment Inc ($155k), Acm Dignified Transitional Housing Inc ($155k) and Los Alamos Housing Partnership Inc ($155k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $1.4m against liabilities of $1.6m, net assets of -$221k.