Agewell Services of W Michigan

Analysis

Agewell Services of W Michigan is a registered charity in United States, based in Muskegon, MI. It received its IRS tax-exemption ruling in March 1955, 71 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Agewell Services of W Michigan reported income of $4.7m and spending of $5.1m, spending 108% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.7m to $4.7m (+26%), an average of +6.0% a year. The sharpest change came in the year to September 2022, when income rose by 20%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Agewell Services of W Michigan 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 MI. Charities of a similar size with the same main cause include Guardian Trust Foundation Inc ($4.7m), Child Development Support Corp ($4.7m) and Farm Foundation ($4.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 81% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $110k (2.2% of expenses). Other salaries and wages came to $2.0m. It paid $61k in professional fundraising fees. At year end it held assets of $1.6m against liabilities of $409k, net assets of $1.2m. It reported 128 employees.