Elderwood Inc

Analysis

Elderwood Inc is a registered charity in United States, based in Waycross, GA. It received its IRS tax-exemption ruling in October 1985, 41 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 June 2024, Elderwood Inc reported income of $163k and spending of $145k, spending 89% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $218k to $163k (-25%), an average of -7.0% a year. The sharpest change came in the year to June 2021, when income dropped by 18%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Elderwood Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within GA. Charities of a similar size with the same main cause include Prairie Haven Inc ($163k), Concord Housing Development Corp ($163k) and Pauahi Elderly Inc ($163k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 98% of the total. Other salaries and wages came to $12k. At year end it held assets of $539k against liabilities of $442k, net assets of $97k.