Agesmart Community Resources

Analysis

Agesmart Community Resources is a registered charity in United States, based in Swansea, IL. It received its IRS tax-exemption ruling in July 1975, 51 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, Agesmart Community Resources reported income of $8.5m and spending of $8.4m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $8.1m to $8.5m (+5.0%), an average of +1.2% a year. The sharpest change came in the year to September 2022, when income dropped by 30%. 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, Agesmart Community Resources sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include Quality Progressions ($8.5m), Hospice & Palliative Care of the Ohio Valley Inc ($8.5m) and Kidvantage ($8.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $202k (2.4% of expenses). Other salaries and wages came to $472k. At year end it held assets of $2.9m against liabilities of $1.2m, net assets of $1.7m. It reported 20 employees.