Gerontological Society of America

Analysis

Gerontological Society of America is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 1982, 44 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gerontological Society of America reported income of $8.3m and spending of $8.4m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.0m to $8.3m (+3.5%), an average of +0.9% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gerontological Society of America sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 85th percentile within DC. Charities of a similar size with the same main cause include Great Oaks Foundation Inc ($8.3m), Cleveland Hearing and Speech Center ($8.3m) and All Care Resources Inc ($8.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $730k (8.7% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $13.7m against liabilities of $2.7m, net assets of $11.0m. It reported 27 employees.