Services for Aging Inc

Analysis

Services for Aging Inc is a registered charity in United States, based in Norwalk, OH. It received its IRS tax-exemption ruling in January 1984, 42 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, Services for Aging Inc reported income of $2.0m and spending of $2.4m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.0m (+2.2%), an average of +0.5% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Services for Aging Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within OH. Charities of a similar size with the same main cause include My Refuge Inc ($2.0m), Green Ribbon Legacy Inc ($2.0m) and Community Access Plus Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $76k (3.2% of expenses). Other salaries and wages came to $910k. At year end it held assets of $1.4m against liabilities of $300k, net assets of $1.1m. It reported 54 employees.