Ageoptions Inc

Analysis

Ageoptions Inc is a registered charity in United States, based in Oak Park, IL. It received its IRS tax-exemption ruling in November 1974, 52 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 September 2023, Ageoptions Inc reported income of $35.1m and spending of $35.3m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $19.5m to $35.1m (+80%), an average of +16% a year. The sharpest change came in the year to September 2020, when income rose by 33%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ageoptions Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Spectrum Community Services ($35.1m), Exceptional Childrens Foundation a Corp ($35.2m) and Marklund Childrens Home ($35.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $822k (2.3% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $10.6m against liabilities of $8.0m, net assets of $2.6m. It reported 112 employees.