Aging Together Corporation

Analysis

Aging Together Corporation is a registered charity in United States, based in Culpeper, VA. It received its IRS tax-exemption ruling in June 2014, 12 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 June 2024, Aging Together Corporation reported income of $364k and spending of $342k, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $217k to $364k (+68%), an average of +14% a year. The sharpest change came in the year to June 2024, when income rose by 34%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Aging Together Corporation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within VA. Charities of a similar size with the same main cause include Mahnomen Area Assisted Living Center Inc ($364k), Simchas Mayer Fund Inc ($364k) and Fatherless Network or Widows and Orphans ($364k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 90% and program service revenue 9.6% of the total. Compensation of current officers, directors and key employees was $89k (26% of expenses). Other salaries and wages came to $180k. At year end it held assets of $250k against liabilities of $1,107, net assets of $249k. It reported 7 employees.