Ageup Inc

Analysis

Ageup Inc is a registered charity in United States, based in Redwood City, CA. It received its IRS tax-exemption ruling in November 2001, 25 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, Ageup Inc reported income of $1.1m and spending of $1.1m, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.1m to $1.1m (-3.0%), an average of -0.8% a year. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ageup Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Tri-County Help Center Inc ($1.1m), Jewish Family Service of Greater New Haven Inc ($1.1m) and Harrison Food Bank ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $160k (14% of expenses). Other salaries and wages came to $573k. At year end it held assets of $2.8m against liabilities of $123k, net assets of $2.7m. It reported 16 employees.