Eden Home Inc

Analysis

Eden Home Inc is a registered charity in United States, based in New Braunfels, TX. It received its IRS tax-exemption ruling in December 2011, 15 years ago. 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 December 2023, Eden Home Inc reported income of $25.1m and spending of $25.4m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.8m to $25.1m (+49%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 124% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eden Home Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Park Ridge Nursing Home Inc ($25.1m), Ray Graham Association for People with Disabilities ($25.2m) and The Pegasus School ($25.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $397k (1.6% of expenses). Other salaries and wages came to $8.0m. At year end it held assets of $69.2m against liabilities of $106.7m, net assets of -$37.6m. It reported 393 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.