Afghan Elderly Association

Analysis

Afghan Elderly Association is a registered charity in United States, based in Fremont, CA. It received its IRS tax-exemption ruling in August 1998, 28 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Afghan Elderly Association reported income of $263k and spending of $181k, leaving 31% of income unspent that year. Across the 4 years on record, from June 2019 to June 2023, income grew from $263k to $263k (+0.1%), an average of +0.0% a year. The sharpest change came in the year to June 2023, when income rose by 97%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Afghan Elderly Association sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Hart Residences Inc ($263k), Central Terrace ($263k) and Staunton United Methodist Housing Corporation ($263k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $51k (28% of expenses). Other salaries and wages came to $79k. At year end it held assets of $122k against liabilities of $1,565, net assets of $120k. It reported 9 employees.