Usaging

Analysis

Usaging is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 1982, 44 years ago. 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, Usaging reported income of $59.5m and spending of $59.3m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.6m to $59.5m (+685%), an average of +67% a year. The sharpest change came in the year to December 2023, when income rose by 345%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Usaging sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 97th percentile within DC. Charities of a similar size with the same main cause include Family Health Center of Worcester Inc ($59.5m), Southwest C a R E Center ($59.5m) and Great Circle ($59.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.9% of the total. Compensation of current officers, directors and key employees was $1.4m (2.3% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $15.7m against liabilities of $12.9m, net assets of $2.8m. It reported 77 employees.