Living Improvement for the Elderly Center

Analysis

Living Improvement for the Elderly Center is a registered charity in United States, based in Stillwater, OK. It received its IRS tax-exemption ruling in August 1983, 43 years ago. 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 2024, Living Improvement for the Elderly Center reported income of $424k and spending of $423k, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $224k to $424k (+90%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 60%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Living Improvement for the Elderly Center sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within OK. Charities of a similar size with the same main cause include International Association of Law Enforcement Intelligence Analysts ($424k), The Center for Asian Pacific American Women ($424k) and Worcester Joint Apprenticeship & Training Fund ($424k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 27% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $47k (11% of expenses). Other salaries and wages came to $227k. At year end it held assets of $313k against liabilities of $14k, net assets of $300k. It reported 14 employees.