Aging Well Inc

Analysis

Aging Well Inc is a registered charity in United States, based in Woonsocket, RI. It received its IRS tax-exemption ruling in December 1975, 51 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 December 2023, Aging Well Inc reported income of $896k and spending of $923k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $839k to $896k (+6.8%), an average of +1.7% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Aging Well Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within RI. Charities of a similar size with the same main cause include Summit Assistance Dogs ($896k), Boehm Child Development Center Inc ($896k) and Hands and Feet Inc ($896k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 25% of the total. Other salaries and wages came to $504k. At year end it held assets of $337k against liabilities of $51k, net assets of $286k. It reported 21 employees.