Elderserve Inc

Analysis

Elderserve Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in February 1968, 58 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, Elderserve Inc reported income of $968k and spending of $512k, leaving 47% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.5m to $968k (-72%), an average of -28% a year. The sharpest change came in the year to June 2022, when income dropped by 49%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Elderserve Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within KY. Charities of a similar size with the same main cause include Casa Del Sol ($968k), Chrysalis a Home for Girls Inc ($968k) and Agingnext Inc ($968k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $50k (9.8% of expenses). Other salaries and wages came to $111k. At year end it held assets of $2.8m against liabilities of $1.5m, net assets of $1.3m. It reported 15 employees.