Supporting Older Adults Through Resources Inc

Analysis

Supporting Older Adults Through Resources Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Supporting Older Adults Through Resources Inc reported income of $371k and spending of $414k, spending 112% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $220k to $371k (+69%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 46%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Supporting Older Adults Through Resources Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MD. Charities of a similar size with the same main cause include Marin Charitable Association ($371k), Frankford Public Library Ltd ($371k) and Athena Foundation ($371k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% of the total. Compensation of current officers, directors and key employees was $82k (20% of expenses). Other salaries and wages came to $33k. At year end it held assets of $96k against liabilities of $128, net assets of $96k. It reported 6 employees.