Aster Aging Inc

Analysis

Aster Aging Inc is a registered charity in United States, based in Mesa, AZ. It received its IRS tax-exemption ruling in August 1979, 47 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 June 2024, Aster Aging Inc reported income of $3.2m and spending of $3.7m, spending 116% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $3.9m to $3.2m (-19%), an average of -4.1% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Aster Aging 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 89th percentile, and in the 87th percentile within AZ. Charities of a similar size with the same main cause include Family Promise of Sussex County Inc ($3.2m), Association for Clinical Pastoral Education Inc ($3.2m) and Family Legal Care Inc ($3.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 57% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $147k (4.0% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $2.4m against liabilities of $223k, net assets of $2.2m. It reported 89 employees.