Elderserve Health Inc

Analysis

Elderserve Health Inc is a registered charity in United States, based in Dayton, OH. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Elderserve Health Inc reported income of $1.13bn and spending of $1.12bn, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $943.7m to $1.13bn (+20%), an average of +4.7% a year. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Elderserve Health Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within OH. Charities of a similar size with the same main cause include Inspira Medical Centers Inc ($1.13bn), Capital Health System Inc ($1.13bn) and University Community Hospital Inc ($1.13bn).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.7m (0.2% of expenses). Other salaries and wages came to $39.8m. At year end it held assets of $218.9m against liabilities of $147.4m, net assets of $71.5m. It reported 435 employees.