Eldergivers

Analysis

Eldergivers is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in April 1994, 32 years ago. 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, Eldergivers reported income of $367k and spending of $418k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $327k to $367k (+12%), an average of +3.0% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eldergivers sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include St Marys Public Library ($367k), United Church Home ($367k) and Novara Energy Alliance ($367k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $63k (15% of expenses). Other salaries and wages came to $101k. At year end it held assets of $148k against liabilities of $0, net assets of $148k. It reported 3 employees.

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.