Reserve Elder Service Inc

Analysis

Reserve Elder Service Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2005, 21 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 September 2023, Reserve Elder Service Inc reported income of $5.0m and spending of $5.1m, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.7m to $5.0m (+5.7%), an average of +1.4% a year. The sharpest change came in the year to September 2022, when income rose by 66%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Reserve Elder Service Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Buffalo Niagara Convention Center Management Corporation ($4.9m), National Digital Inclusion Alliance ($5.0m) and Denverworks ($4.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $646k. At year end it held assets of $1.6m against liabilities of $3.8m, net assets of -$2.2m.