Aging in America Inc

Analysis

Aging in America Inc is a registered charity in United States, based in Valhalla, NY. It received its IRS tax-exemption ruling in October 1963, 63 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Aging in America Inc reported income of $760k and spending of $1.2m, spending 152% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.0m to $760k (-62%), an average of -22% a year. The sharpest change came in the year to December 2023, when income rose by 263%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Aging in America Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include United Way St Croix and Red Cedar Valleys Inc ($760k), Vinalhaven Eldercare Services- Resources ($760k) and Minnesota Hockey District 2 ($760k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. Compensation of current officers, directors and key employees was $620k (54% of expenses). Other salaries and wages came to $7,954. At year end it held assets of $32.0m against liabilities of $408k, net assets of $31.6m. It reported 2 employees.