Aging Grace Community Center Inc

Analysis

Aging Grace Community Center Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 2014, 12 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 2022, Aging Grace Community Center Inc reported income of $473k and spending of $605k, spending 128% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income fell from $876k to $473k (-46%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 31%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Aging Grace Community Center Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within PA. Charities of a similar size with the same main cause include Slovak American Charitable Association ($473k), Assistance League of El Paso ($473k) and A Community Pregnancy Center ($473k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $50k (8.3% of expenses). Other salaries and wages came to $260k. At year end it held assets of $15k against liabilities of $147k, net assets of -$132k. It reported 19 employees.