American Federation for Aging

Analysis

American Federation for Aging is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1986, 40 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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, American Federation for Aging reported income of $22.8m and spending of $17.5m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $22.8m (+641%), an average of +65% a year. The sharpest change came in the year to December 2021, when income rose by 131%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Federation for Aging sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Milwaukee Art Museum Inc ($22.8m), Macphail Center for Music ($22.9m) and New Museum of Contemporary Art ($22.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $849k (4.8% of expenses). Other salaries and wages came to $955k. At year end it held assets of $46.6m against liabilities of $15.9m, net assets of $30.7m. It reported 13 employees.