Alamance Elder Care Inc

Analysis

Alamance Elder Care Inc is a registered charity in United States, based in Graham, NC. It received its IRS tax-exemption ruling in June 1994, 32 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, Alamance Elder Care Inc reported income of $560k and spending of $647k, spending 116% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $479k to $560k (+17%), an average of +5.4% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Alamance Elder Care Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within NC. Charities of a similar size with the same main cause include Paradise Bound Thrift Shoppe ($560k), Marshall County Family Resource Network Inc ($560k) and Seeds of Hope Ministries Inc ($560k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 33% of the total. Other salaries and wages came to $292k. At year end it held assets of $593k against liabilities of $44k, net assets of $549k. It reported 6 employees.