AARP Foundation

Analysis

AARP Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 1963, 63 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, AARP Foundation reported income of $175.2m and spending of $191.9m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $295.8m to $175.2m (-41%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 37%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, AARP Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within DC. Charities of a similar size with the same main cause include Food Forward Inc ($175.2m), Kinvara Inc ($179.7m) and Childrens Council of San Francisco ($174.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $2.4m (1.2% of expenses). Other salaries and wages came to $34.9m. It paid $1.9m in professional fundraising fees. At year end it held assets of $693.2m against liabilities of $57.6m, net assets of $635.6m. It reported 375 employees.