Assistance to the Elderly Inc

Analysis

Assistance to the Elderly Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in June 2001, 25 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, Assistance to the Elderly Inc reported income of $1.7m and spending of $2.2m, spending 129% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $2.6m to $1.7m (-34%), an average of -13% a year. The sharpest change came in the year to December 2021, when income dropped by 35%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Assistance to the Elderly Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Valuing Our Children ($1.7m), Refugee Hope Partners Inc ($1.7m) and Rural Alabama Prevention Center ($1.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 21% and program service revenue 75% of the total. At year end it held assets of $11.5m against liabilities of $10.6m, net assets of $931k.