Association for the Elderly of the Virgin Islands Inc

Analysis

Association for the Elderly of the Virgin Islands Inc is a registered charity in United States, based in Frederiksted, VI. It received its IRS tax-exemption ruling in April 1987, 39 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 September 2023, Association for the Elderly of the Virgin Islands Inc reported income of $722k and spending of $766k, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $620k to $722k (+17%), an average of +3.9% a year. The sharpest change came in the year to September 2022, when income rose by 51%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Association for the Elderly of the Virgin Islands Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 82nd percentile within VI. Charities of a similar size with the same main cause include St Vincents Apartments Housing Development Company Inc ($722k), The Foundation at Hearst Castle ($722k) and Glass Axis ($722k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 87% and program service revenue 0.2% of the total. At year end it held assets of $1.9m against liabilities of $3.8m, net assets of -$2.0m.