Elder Love USA Inc

Analysis

Elder Love USA Inc is a registered charity in United States, based in Palm Desert, CA. It received its IRS tax-exemption ruling in March 2017, 9 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, Elder Love USA Inc reported income of $338k and spending of $361k, spending 107% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $293k to $338k (+15%), an average of +4.9% a year. The sharpest change came in the year to December 2022, when income rose by 219%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Elder Love USA Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Paraklesis Inc ($338k), New Beginnings Hickory ($338k) and Morley Extended Daycare Inc ($338k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $42k (12% of expenses). Other salaries and wages came to $237k. At year end it held assets of $135k against liabilities of $0, net assets of $135k. It reported 41 employees.