Center for Positive Aging in Lower Merion

Analysis

Center for Positive Aging in Lower Merion is a registered charity in United States, based in Ardmore, PA. It received its IRS tax-exemption ruling in January 1980, 46 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 June 2023, Center for Positive Aging in Lower Merion reported income of $264k and spending of $231k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $241k to $264k (+9.3%), an average of +2.3% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Center for Positive Aging in Lower Merion sits at the 54th percentile: it is larger than about 54% 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 The Polk County Mission Center ($264k), Hope Matters Marriage Ministries ($264k) and Wiregrass 2-1-1 ($264k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $58k (25% of expenses). Other salaries and wages came to $86k. At year end it held assets of $248k against liabilities of $126, net assets of $247k. It reported 9 employees.