Upper Shore Aging Inc

Analysis

Upper Shore Aging Inc is a registered charity in United States, based in Chestertown, MD. It received its IRS tax-exemption ruling in December 1979, 47 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 June 2023, Upper Shore Aging Inc reported income of $3.4m and spending of $3.3m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $3.4m (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Upper Shore Aging 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 89th percentile within MD. Charities of a similar size with the same main cause include Sentinel Foundation ($3.4m), Community House Inc ($3.4m) and Credit Card Management Services Inc ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $106k (3.2% of expenses). Other salaries and wages came to $988k. At year end it held assets of $2.0m against liabilities of $893k, net assets of $1.1m. It reported 50 employees.