Institute on Aging

Analysis

Institute on Aging is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in August 1986, 40 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 2023, Institute on Aging reported income of $77.6m and spending of $76.0m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $58.8m to $77.6m (+32%), an average of +7.2% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Institute on Aging sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Telamon Corporation ($77.5m), Allied Health Care Services ($77.7m) and Community Action Corporation of South Texas ($77.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $1.1m (1.4% of expenses). Other salaries and wages came to $36.3m. At year end it held assets of $55.7m against liabilities of $48.9m, net assets of $6.8m. It reported 819 employees.