Age Well Forsyth Inc

Analysis

Age Well Forsyth Inc is a registered charity in United States, based in Cumming, GA. It received its IRS tax-exemption ruling in August 2007, 19 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, Age Well Forsyth Inc reported income of $169k and spending of $130k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $126k to $169k (+35%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Age Well Forsyth Inc sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 53rd percentile within GA. Charities of a similar size with the same main cause include Agape House Asia Inc ($169k), Magic Tooth Bus ($169k) and Michigan Foster Care Closet ($169k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. At year end it held assets of $216k against liabilities of $0, net assets of $216k.