Erc Foundation Inc

Analysis

Erc Foundation Inc is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in February 1984, 42 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Erc Foundation Inc reported income of $3.9m and spending of $4.2m, spending 108% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $4.4m to $3.9m (-11%), an average of -2.8% a year. The sharpest change came in the year to June 2022, when income dropped by 29%. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Erc Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within AR. Charities of a similar size with the same main cause include Hap Senior Care Inc Dba Beaver Mead ($3.9m), Shelter KC ($3.9m) and Riverside at Moorings Park Incorporated ($3.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.1% and program service revenue 89% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $6.8m against liabilities of $3.0m, net assets of $3.8m. It reported 57 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.