Excelsior German Center at the Altenheim

Analysis

Excelsior German Center at the Altenheim is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in June 1948, 78 years ago. 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 December 2023, Excelsior German Center at the Altenheim reported income of $533k and spending of $222k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $636k to $533k (-16%), an average of -4.3% a year. The sharpest change came in the year to December 2020, when income dropped by 20%. Over the whole period it spent 44% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Excelsior German Center at the Altenheim sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include United Church Residences of Covington Tennessee Inc ($533k), Dixie National Sale of Junior Champions Promotion Committee ($533k) and Virginia Library Association ($533k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 4.7% of the total. Other salaries and wages came to $7,275. At year end it held assets of $8.8m against liabilities of $897, net assets of $8.8m. It reported 1 employees.