Agingnext Inc

Analysis

Agingnext Inc is a registered charity in United States, based in Claremont, CA. It received its IRS tax-exemption ruling in April 1977, 49 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, Agingnext Inc reported income of $968k and spending of $1.1m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $968k (-16%), an average of -4.2% a year. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Agingnext Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Manifestworks ($967k), Casa Del Sol ($968k) and Gamm Incorporated ($967k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $95k (8.6% of expenses). Other salaries and wages came to $476k. At year end it held assets of $330k against liabilities of $136k, net assets of $194k. It reported 13 employees.