The American Geriatrics Society Inc

Analysis

The American Geriatrics Society Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1954, 72 years ago. 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, The American Geriatrics Society Inc reported income of $8.8m and spending of $7.8m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.1m to $8.8m (+8.0%), an average of +1.9% a year. The sharpest change came in the year to December 2020, when income dropped by 22%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The American Geriatrics Society Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Ruminco Ltd ($8.8m), Japanese Educational Institute of New York ($8.8m) and New Horizons Rehabilitation Inc ($8.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $571k (7.4% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $12.9m against liabilities of $3.9m, net assets of $8.9m. It reported 26 employees.