American Society on Aging

Analysis

American Society on Aging is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in August 2015, 11 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 September 2023, American Society on Aging reported income of $3.5m and spending of $3.4m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.3m to $3.5m (+4.3%), an average of +1.0% a year. The sharpest change came in the year to September 2023, when income rose by 27%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, American Society on Aging sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Purpose Point Community Resource Center Inc ($3.5m), Missouri Community Action Network ($3.5m) and Miss Major and Alexander L Lees Tgijp ($3.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 66% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $465k (14% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.6m against liabilities of $1.1m, net assets of $467k. It reported 16 employees.