Elder Services Inc

Analysis

Elder Services Inc is a registered charity in United States, based in Clackamas, OR. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Elder Services Inc reported income of $244k and spending of $301k, spending 123% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $196k to $244k (+24%), an average of +4.4% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 123% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Elder Services Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within OR. Charities of a similar size with the same main cause include Asi Kansas City Inc ($244k), Adams County Habitat for Humanity Inc ($244k) and Alexandria Senior Housing Inc ($244k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $41k. At year end it held assets of $1.1m against liabilities of $2.4m, net assets of -$1.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.