Convalescent Aid Society

Analysis

Convalescent Aid Society is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in March 1959, 67 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Convalescent Aid Society reported income of $1.1m and spending of $1.2m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $1.1m (-26%), an average of -7.4% a year. The sharpest change came in the year to June 2022, when income rose by 44%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Convalescent Aid Society sits at the 65th percentile: it is larger than about 65% 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 Blue Cross and Blue Shield of Michigan Foundation ($1.1m), Mission Plasticos ($1.1m) and Loveway Incorporated ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 3.1% of the total. Other salaries and wages came to $413k. At year end it held assets of $8.4m against liabilities of $974k, net assets of $7.4m. It reported 8 employees.