Ericshouse Inc

Analysis

Ericshouse Inc is a registered charity in United States, based in Fountain HLS, AZ. It received its IRS tax-exemption ruling in November 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, Ericshouse Inc reported income of $176k and spending of $257k, spending 146% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $241k to $176k (-27%), an average of -14% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ericshouse Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within AZ. Charities of a similar size with the same main cause include Caribbean Children S Foundation Inc ($176k), Street Samaritans ($176k) and Cody Jude Barrasse Foundation ($176k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $37k (14% of expenses). Other salaries and wages came to $45k. At year end it held assets of $94k against liabilities of $5,210, net assets of $89k. It reported 2 employees.