Alliance for Aging Inc

Analysis

Alliance for Aging Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in August 1989, 37 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 2022, Alliance for Aging Inc reported income of $49.4m and spending of $47.6m, spending 96% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $41.8m to $49.4m (+18%), an average of +5.8% a year. The sharpest change came in the year to December 2020, when income rose by 33%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Alliance for Aging Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Northern Human Services ($49.2m), YMCA of Memphis & the Mid-South ($49.4m) and St Joseph Center ($49.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $385k (0.8% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $15.9m against liabilities of $10.6m, net assets of $5.4m. It reported 132 employees.