Geriatric Services Inc

Analysis

Geriatric Services Inc is a registered charity in United States, based in Teaneck, NJ. It received its IRS tax-exemption ruling in February 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Geriatric Services Inc reported income of $4.1m and spending of $3.9m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $4.1m (+59%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 79%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Geriatric Services Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include Agape Schools ($4.1m), Project Worthmore ($4.1m) and East Alabama Services for the Elderly Inc ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $125k (3.2% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $19.9m against liabilities of $14.3m, net assets of $5.6m. It reported 56 employees.