Eleos the Care Network Inc

Analysis

Eleos the Care Network Inc is a registered charity in United States, based in Winter Garden, FL. It received its IRS tax-exemption ruling in October 1999, 27 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 December 2023, Eleos the Care Network Inc reported income of $493k and spending of $487k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $359k to $493k (+37%), an average of +8.3% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Eleos the Care Network Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include Heatherlane Christian Retirement Village ($493k), Reborn ($493k) and HFL Harbor Gateway Homes ($493k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $212k (44% of expenses). At year end it held assets of $105k against liabilities of $3,119, net assets of $102k. It reported 7 employees.