Eliada Homes Inc

Analysis

Eliada Homes Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in July 1942, 84 years ago. 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, Eliada Homes Inc reported income of $8.4m and spending of $8.1m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $9.9m to $8.4m (-15%), an average of -3.9% a year. The sharpest change came in the year to June 2022, when income dropped by 23%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eliada Homes Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Washington Trails Association ($8.4m), Bayview Hunters Point Multipurpose Senior Services Inc ($8.4m) and United Way of Brevard County Inc ($8.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $410k (5.1% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $1.8m against liabilities of $1.2m, net assets of $645k. It reported 209 employees.