Aldersly Inc

Analysis

Aldersly Inc is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Aldersly Inc reported income of $12.7m and spending of $11.0m, spending 86% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $9.9m to $12.7m (+28%), an average of +6.4% a year. The sharpest change came in the year to September 2022, when income rose by 48%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Aldersly 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 96th percentile within CA. Charities of a similar size with the same main cause include Cascade Manor Inc ($12.7m), Blair Senior Services Inc ($12.7m) and Feedmore Wny Foundation Inc ($12.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 25% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $389k (3.5% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $106.3m against liabilities of $75.4m, net assets of $30.9m. It reported 106 employees.