Home for Aged Women Inc

Analysis

Home for Aged Women Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in February 1957, 69 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, Home for Aged Women Inc reported income of $14.1m and spending of $13.6m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.6m to $14.1m (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2021, when income dropped by 18%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Home for Aged Women Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within DE. Charities of a similar size with the same main cause include Covenant House Texas ($14.1m), Thresholds Inc ($14.1m) and Morrow Memorial Home for the Aged ($14.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $260k (1.9% of expenses). Other salaries and wages came to $6.4m. At year end it held assets of $17.8m against liabilities of $1.1m, net assets of $16.7m. It reported 182 employees.