Elderwise

Analysis

Elderwise is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in September 1997, 29 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, Elderwise reported income of $155k and spending of $147k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $97k to $155k (+60%), an average of +60% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Elderwise sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 44th percentile within WA. Charities of a similar size with the same main cause include Minority & Veteran Farmers of the Piedmont ($155k), Barre Area Senior Center Inc ($155k) and Birmingham United Neighborhoods ($155k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $25k against liabilities of $13k, net assets of $12k.