Aging and In-Home Services of Ne in

Analysis

Aging and In-Home Services of Ne in is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in November 1976, 50 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 June 2023, Aging and In-Home Services of Ne in reported income of $17.2m and spending of $17.8m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.0m to $17.2m (+72%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 41%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Aging and In-Home Services of Ne in sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IN. Charities of a similar size with the same main cause include Sylvia G Thompson Residence Center Inc ($17.2m), Gads Hill Center ($17.2m) and Otterbein at Granville ($17.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $737k (4.1% of expenses). Other salaries and wages came to $7.9m. At year end it held assets of $6.5m against liabilities of $2.1m, net assets of $4.4m. It reported 177 employees.

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.