Aging Projects Inc

Analysis

Aging Projects Inc is a registered charity in United States, based in Hutchinson, KS. It received its IRS tax-exemption ruling in March 1975, 51 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Aging Projects Inc reported income of $3.5m and spending of $3.2m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.1m to $3.5m (+12%), an average of +2.8% a year. The sharpest change came in the year to September 2023, when income rose by 16%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Aging Projects Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within KS. Charities of a similar size with the same main cause include All Peoples Community Center ($3.5m), South Boston Neighborhood House Inc ($3.5m) and Hospice of Okeechobee Inc ($3.5m).

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 $55k (1.7% of expenses). Other salaries and wages came to $882k. At year end it held assets of $1.2m against liabilities of $275k, net assets of $939k. It reported 17 employees.