Nashua Association for the Elderly Inc

Analysis

Nashua Association for the Elderly Inc is a registered charity in United States, based in Nashua, NH. It received its IRS tax-exemption ruling in June 1979, 47 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 December 2023, Nashua Association for the Elderly Inc reported income of $497k and spending of $536k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $653k to $497k (-24%), an average of -6.6% a year. The sharpest change came in the year to December 2022, when income rose by 44%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nashua Association for the Elderly Inc sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within NH. Charities of a similar size with the same main cause include Charlottesville Abundant Life Ministries Inc ($497k), Schoharie Economic Enterprise Corporation ($497k) and Boston Avenue Helping Hands Inc ($496k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 28% of the total. Other salaries and wages came to $258k. At year end it held assets of $774k against liabilities of $45k, net assets of $728k. It reported 8 employees.