Elderhaus Adult Day Program Inc

Analysis

Elderhaus Adult Day Program Inc is a registered charity in United States, based in Fort Collins, CO. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Elderhaus Adult Day Program Inc reported income of $2.2m and spending of $1.4m, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $2.2m (+96%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 119%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Elderhaus Adult Day Program Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CO. Charities of a similar size with the same main cause include Fountain Hill Center for Counseling and Consultation ($2.2m), Hawfields Presbyterian Child Care & Development Center Incorporated ($2.2m) and Long Ridge Fire Company Incorporated ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $61k (4.5% of expenses). Other salaries and wages came to $780k. At year end it held assets of $2.2m against liabilities of $530k, net assets of $1.7m. It reported 48 employees.