Grantmakers in Aging Inc

Analysis

Grantmakers in Aging Inc is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in August 1998, 28 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, Grantmakers in Aging Inc reported income of $2.0m and spending of $1.9m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.0m (+3.2%), an average of +0.8% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Grantmakers in Aging Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within VA. Charities of a similar size with the same main cause include Champ Clark Association for Challenged Citizens Inc ($2.0m), Sharing and Caring of Benton County ($2.0m) and Circle of Friends Preschool and Childrens Center Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $271k (14% of expenses). Other salaries and wages came to $320k. At year end it held assets of $2.5m against liabilities of $230k, net assets of $2.3m. It reported 5 employees.