Older Americans Service Corporation

Analysis

Older Americans Service Corporation is a registered charity in United States, based in Orleans, IN. It received its IRS tax-exemption ruling in February 1977, 49 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, Older Americans Service Corporation reported income of $4.8m and spending of $3.8m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $4.8m (+53%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Older Americans Service Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IN. Charities of a similar size with the same main cause include Northwest Side Housing Center ($4.8m), Freefrom ($4.8m) and Dallas Center Inc ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 91% of the total. Compensation of current officers, directors and key employees was $151k (4.0% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $6.7m against liabilities of $330k, net assets of $6.4m. It reported 148 employees.