Age Well Senior Services Inc

Analysis

Age Well Senior Services Inc is a registered charity in United States, based in Lake Forest, CA. It received its IRS tax-exemption ruling in October 1999, 27 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 2023, Age Well Senior Services Inc reported income of $8.4m and spending of $13.1m, spending 157% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.5m to $8.4m (+51%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 272%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Age Well Senior Services Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include American Opportunity Foundation ($8.4m), Clinton County Community Action Program Inc Clinton ($8.4m) and Science and Arts Academy ($8.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $343k (2.6% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $8.0m against liabilities of $2.7m, net assets of $5.4m. It reported 110 employees.