Older Adults Technology Services Inc

Analysis

Older Adults Technology Services Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Older Adults Technology Services Inc reported income of $13.3m and spending of $13.0m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.6m to $13.3m (+136%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Older Adults Technology Services Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include All Saints Academy Inc ($13.3m), Pennsylvania Institue of Technology ($13.3m) and Colorado Mesa University Foundation ($13.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $697k (5.3% of expenses). Other salaries and wages came to $7.1m. At year end it held assets of $10.6m against liabilities of $6.9m, net assets of $3.7m. It reported 90 employees.