The Home for the Aged of the Little Sisters of the Poor Inc

Analysis

The Home for the Aged of the Little Sisters of the Poor Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in March 1946, 80 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, The Home for the Aged of the Little Sisters of the Poor Inc reported income of $4.8m and spending of $7.3m, spending 153% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $4.6m to $4.8m (+4.6%), an average of +0.9% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 131% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Home for the Aged of the Little Sisters of the Poor Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within KY. Charities of a similar size with the same main cause include Trybe Inc ($4.8m), Violas House ($4.8m) and The Arc of Ouachita ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 68% of the total. Other salaries and wages came to $3.1m. At year end it held assets of $8.3m against liabilities of $13.0m, net assets of -$4.7m. It reported 137 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.