Presbyterian Services for the Elderly Inc

Analysis

Presbyterian Services for the Elderly Inc is a registered charity in United States, based in Kenner, LA. It received its IRS tax-exemption ruling in January 1964, 62 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Presbyterian Services for the Elderly Inc reported income of $2.6m and spending of $1.9m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $2.6m (+14%), an average of +3.2% a year. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Presbyterian Services for the Elderly Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within LA. Charities of a similar size with the same main cause include American College Personnel Association ($2.6m), Society of Woman Geographers ($2.6m) and Boy Scouts of America ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 31% of the total. At year end it held assets of $8.1m against liabilities of $1.1m, net assets of $7.0m.