Family Eldercare Inc

Analysis

Family Eldercare Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in January 1984, 42 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 December 2023, Family Eldercare Inc reported income of $17.4m and spending of $18.2m, spending 105% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $6.2m to $17.4m (+178%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 59%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Eldercare Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Methodist Childrens Home Society ($17.3m), Civica Foundation ($17.4m) and University of Alabama Ophthalmology Services Foundation ($17.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.2% of the total. Compensation of current officers, directors and key employees was $258k (1.4% of expenses). Other salaries and wages came to $7.3m. At year end it held assets of $7.5m against liabilities of $3.2m, net assets of $4.3m. It reported 184 employees.