Avila Institute of Gerontology Inc

Analysis

Avila Institute of Gerontology Inc is a registered charity in United States, based in Germantown, NY. It received its IRS tax-exemption ruling in March 1946, 80 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, Avila Institute of Gerontology Inc reported income of $530k and spending of $832k, spending 157% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $984k to $530k (-46%), an average of -14% a year. The sharpest change came in the year to December 2022, when income rose by 97%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Avila Institute of Gerontology Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Gorilla Foundation ($530k), Amelia Village Housing Corporation ($530k) and Independent Cities Association Inc ($530k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $122k (15% of expenses). Other salaries and wages came to $186k. At year end it held assets of $782k against liabilities of $4,882, net assets of $778k. It reported 9 employees.