Find Aid for the Aged Inc

Analysis

Find Aid for the Aged Inc is a registered charity in United States, based in New Yok, NY. It received its IRS tax-exemption ruling in May 1970, 56 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, Find Aid for the Aged Inc reported income of $6.4m and spending of $6.2m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.0m to $6.4m (+7.5%), an average of +1.8% a year. The sharpest change came in the year to December 2020, when income rose by 199%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Find Aid for the Aged Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Methodist Childrens Homes of Mississippi ($6.4m), Food for Greater Elgin Inc ($6.4m) and United States of America Chess Federation ($6.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $605k (9.8% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $27.8m against liabilities of $3.9m, net assets of $23.9m. It reported 96 employees.