Amarillo Multiservice Center for the Aging Inc

Analysis

Amarillo Multiservice Center for the Aging Inc is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in February 1979, 47 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 August 2023, Amarillo Multiservice Center for the Aging Inc reported income of $13.4m and spending of $11.9m, spending 89% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $10.3m to $13.4m (+30%), an average of +6.7% a year. The sharpest change came in the year to August 2023, when income rose by 19%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Amarillo Multiservice Center for the Aging Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Kidron Bethel Retirement Services Inc ($13.4m), Sourcepoint ($13.4m) and Opportunities Inc ($13.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 94% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $109k (0.9% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $26.7m against liabilities of $1.9m, net assets of $24.7m. It reported 82 employees.