Options in Aging

Analysis

Options in Aging is a registered charity in United States, based in Narberth, PA. It received its IRS tax-exemption ruling in October 1976, 50 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, Options in Aging reported income of $262k and spending of $243k, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $247k to $262k (+6.2%), an average of +1.5% a year. The sharpest change came in the year to September 2021, when income rose by 22%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Options in Aging sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within PA. Charities of a similar size with the same main cause include Jason Ards Christmas Crusade Inc ($262k), Love Inc of Lorain County ($262k) and Fairfield Mental Health Consumer Group Inc ($262k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $70k (29% of expenses). Other salaries and wages came to $87k. At year end it held assets of $344k against liabilities of $7,601, net assets of $337k. It reported 5 employees.