Age Well Arrowhead Inc

Analysis

Age Well Arrowhead Inc is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in August 2016, 10 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, Age Well Arrowhead Inc reported income of $499k and spending of $372k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $460k to $499k (+8.5%), an average of +2.1% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Age Well Arrowhead Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MN. Charities of a similar size with the same main cause include Flywheel Foundation ($499k), In Shifras Arms Inc ($499k) and Casa of Marion County Inc ($499k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $93k (25% of expenses). Other salaries and wages came to $178k. At year end it held assets of $675k against liabilities of $523, net assets of $674k. It reported 30 employees.