Aging Services Inc

Analysis

Aging Services Inc is a registered charity in United States, based in Hiawatha, IA. It received its IRS tax-exemption ruling in July 1972, 54 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 2023, Aging Services Inc reported income of $3.5m and spending of $2.8m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.4m to $3.5m (+1.8%), an average of +0.4% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Aging Services Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within IA. Charities of a similar size with the same main cause include Away We Go Transport ($3.5m), Hands Across the Water Inc ($3.5m) and Family Services of Southeast Texas Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 68% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $12.5m against liabilities of $489k, net assets of $12.1m. It reported 35 employees.