Aging Solutions Inc

Analysis

Aging Solutions Inc is a registered charity in United States, based in Lutz, FL. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Aging Solutions Inc reported income of $2.8m and spending of $3.0m, spending 107% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.2m to $2.8m (+127%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 78%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Aging Solutions Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Egenolf Early Childhood Center Association of Elizabeth New Jerse ($2.8m), The Friendship Center ($2.8m) and Franklin County YMCA ($2.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $84k (2.8% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $969k against liabilities of $29k, net assets of $941k. It reported 40 employees.