Foundation Aiding the Elderly

Analysis

Foundation Aiding the Elderly is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in February 1993, 33 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 June 2024, Foundation Aiding the Elderly reported income of $148k and spending of $138k, spending 93% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $119k to $148k (+24%), an average of +24% a year. The sharpest change came in the year to June 2024, when income rose by 24%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation Aiding the Elderly sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 49th percentile within CA. Charities of a similar size with the same main cause include Mishpachtainu Inc ($148k), S E M Ensemble Inc ($148k) and Lake County Historical Society ($148k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $25k against liabilities of $0, net assets of $25k.