Age Well Inc

Analysis

Age Well Inc is a registered charity in United States, based in Colchester, VT. It received its IRS tax-exemption ruling in December 1983, 43 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 September 2023, Age Well Inc reported income of $10.5m and spending of $10.5m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $6.5m to $10.5m (+62%), an average of +13% a year. The sharpest change came in the year to September 2022, when income rose by 20%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Age Well Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within VT. Charities of a similar size with the same main cause include Trustbridge Foundation Inc ($10.5m), Opportunity Foundation of Central Oregon ($10.5m) and Ability Plus Inc ($10.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 81% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $201k (1.9% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $5.0m against liabilities of $1.7m, net assets of $3.3m. It reported 93 employees.