American Association of Retiredasians

Analysis

American Association of Retiredasians is a registered charity in United States, based in Bolingbrook, IL. It received its IRS tax-exemption ruling in May 2008, 18 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, American Association of Retiredasians reported income of $370k and spending of $395k, spending 107% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income grew from $260k to $370k (+42%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 22%. 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, American Association of Retiredasians sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IL. Charities of a similar size with the same main cause include Concerned Dewitt Citizens Ltd ($370k), Upper Arlington Civic Association ($370k) and Answering the Call ($370k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $58k against liabilities of $7,100, net assets of $51k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.