Alzheimers Foundation of America Inc

Analysis

Alzheimers Foundation of America Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1998, 28 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 December 2023, Alzheimers Foundation of America Inc reported income of $17.0m and spending of $9.3m, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.1m to $17.0m (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 53% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Alzheimers Foundation of America Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include St Joseph Services Corporation ($17.0m), Chelsea Jewish Nursing Home Inc ($17.0m) and Tishomingo Health Services Inc ($17.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $490k (5.2% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $62.0m against liabilities of $7.0m, net assets of $55.1m. It reported 58 employees.