Agebetter Inc

Analysis

Agebetter Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in January 2006, 20 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 December 2023, Agebetter Inc reported income of $421k and spending of $428k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $352k to $421k (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2020, when income rose by 19%. 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, Agebetter Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within WI. Charities of a similar size with the same main cause include East Stokes Outreach Ministry ($421k), Sri Ahobila Muth Inc ($421k) and Arthur MCC Thrift Shop ($421k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $79k (19% of expenses). Other salaries and wages came to $243k. At year end it held assets of $259k against liabilities of $98k, net assets of $161k.

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.