Aging Services Inc

Analysis

Aging Services Inc is a registered charity in United States, based in Norman, OK. It received its IRS tax-exemption ruling in November 1988, 38 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 June 2022, Aging Services Inc reported income of $1.7m and spending of $1.7m, spending 100% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $1.1m to $1.7m (+46%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 29%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Aging Services 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 OK. Charities of a similar size with the same main cause include Arundel House of Hope Incorporated ($1.7m), S a F E Place ($1.7m) and City Ministries ($1.7m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 82% and program service revenue 17% of the total. Other salaries and wages came to $534k. At year end it held assets of $697k against liabilities of $132k, net assets of $565k. It reported 41 employees.