Center for Elders Independence

Analysis

Center for Elders Independence is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in April 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Center for Elders Independence reported income of $128.0m and spending of $103.5m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $79.4m to $128.0m (+61%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Center for Elders Independence sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include Mind Oc ($127.9m), Ohio Living Communities ($128.8m) and Rise Inc ($127.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $2.9m (2.8% of expenses). Other salaries and wages came to $29.2m. At year end it held assets of $204.7m against liabilities of $26.7m, net assets of $178.0m. It reported 454 employees.