Vantage Aging

Analysis

Vantage Aging is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in May 1978, 48 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 September 2023, Vantage Aging reported income of $11.4m and spending of $12.0m, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $12.7m to $11.4m (-11%), an average of -2.7% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vantage Aging sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include Big Lakes Developmental Center Inc ($11.3m), Hispanic Access Foundation ($11.4m) and Hospice of Humboldt ($11.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 86% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $296k (2.5% of expenses). Other salaries and wages came to $7.9m. At year end it held assets of $5.5m against liabilities of $1.4m, net assets of $4.0m. It reported 772 employees.