Age Well at Home

Analysis

Age Well at Home is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Age Well at Home reported income of $509k and spending of $422k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $278k to $509k (+83%), an average of +83% a year. The sharpest change came in the year to December 2023, when income rose by 83%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Age Well at Home sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MN. Charities of a similar size with the same main cause include Southwest Sublette County Pioneers Inc ($509k), Early Life Academy ($509k) and Help Central Inc ($509k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $117k (28% of expenses). Other salaries and wages came to $115k. It paid $6,210 in professional fundraising fees. At year end it held assets of $310k against liabilities of $24k, net assets of $286k. It reported 3 employees.