Ageways Nonprofit Senior Services

Analysis

Ageways Nonprofit Senior Services is a registered charity in United States, based in Farmingtn HLS, MI. It received its IRS tax-exemption ruling in June 1987, 39 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, Ageways Nonprofit Senior Services reported income of $70.5m and spending of $71.5m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $58.2m to $70.5m (+21%), an average of +4.9% a year. The sharpest change came in the year to September 2021, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ageways Nonprofit Senior Services sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MI. Charities of a similar size with the same main cause include Catholic Charities Diocese of San Diego ($70.0m), Ethiopian Community Development Council Inc ($70.5m) and Consumer Directed Choices ($69.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $1.0m (1.4% of expenses). Other salaries and wages came to $8.1m. At year end it held assets of $19.6m against liabilities of $11.0m, net assets of $8.6m. It reported 210 employees.