Age Well Inc
Age Well Inc: Consistent Growth, Strong Program Focus, and Healthy Reserves
EIN: 222474636 · Colchester, VT · NTEE: P81Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $11.1M |
| Total Expenses | $10.5M |
| Program Spending | 88% |
| Net Assets | $3.3M |
| Transparency Score | 85/100 |
Is Age Well Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Age Well Inc directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Age Well Inc
Age Well Inc (EIN: 222474636) is a nonprofit organization based in Colchester, VT, classified under NTEE code P81Z. The organization reported total revenue of $11.1M and total assets of $4.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Age Well Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Age Well Inc is a large nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.5M |
| Total Expenses | $10.5M |
| Surplus / Deficit | +$28K |
| Total Assets | $5.0M |
| Total Liabilities | $1.7M |
| Net Assets | $3.3M |
| Operating Margin | 0.3% |
| Debt-to-Asset Ratio | 33.2% |
| Months of Reserves | 5.7 months |
Financial Health Grade: A
In 2023, Age Well Inc reported a surplus of $28K with revenue exceeding expenses, holds 5.7 months of operating reserves (adequate), has a debt-to-asset ratio of 33.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Age Well Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.0% | +18.2% | +2.4% |
| 2022 | +19.6% | +15.9% | +2.0% |
| 2021 | +5.4% | +6.1% | -2.9% |
| 2020 | +12.8% | +11.6% | +27.5% |
| 2019 | -2.8% | +6.2% | +18.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Age Well Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 88%
- fundraising: 5%
According to IRS 990 filings, Age Well Inc allocates its expenses as follows: admin: 7%, programs: 88%, fundraising: 5%. With 88% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $28K, with revenue exceeding expenses.
- Debt-to-asset ratio: 33.2%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data beyond a 0% compensation from independent sources, suggesting that executive salaries are covered within the general administrative expenses, which are a modest 7% of total spending.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Age Well Inc:
- Strong financial health with consistent revenue growth from $5.7M in 2017 to $11.0M in 2023.
- High percentage of spending dedicated to programs (88%), demonstrating a strong commitment to its mission.
- Healthy and growing asset base, from $2.6M in 2017 to $4.9M in 2023, providing financial stability.
- Low administrative and fundraising costs (7% and 5% respectively) indicate efficient operations.
- Consistent reporting of 0% compensation from independent sources for key personnel, suggesting good governance.
Frequently Asked Questions about Age Well Inc
Is Age Well Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Age Well Inc (EIN: 222474636) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Age Well Inc spend its money?
Age Well Inc directs 88% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Age Well Inc tax-deductible?
Age Well Inc is registered as a tax-exempt nonprofit (EIN: 222474636). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Age Well Inc's spending goes to programs?
Age Well Inc directs 88% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Age Well Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Age Well Inc is above average for NTEE category P81Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Age Well Inc located?
Age Well Inc is headquartered in Colchester, Vermont and files with the IRS under EIN 222474636. It is classified under NTEE code P81Z.
How many years of IRS 990 filings does Age Well Inc have?
Age Well Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $11.1M in total revenue.
What does Age Well Inc do?
Age Well Inc is a nonprofit organization in the Human Services sector, located in Colchester, Vermont. It is classified under NTEE code P81Z.
How much revenue does Age Well Inc have?
Age Well Inc reported total revenue of $11,091,838. Based on 13 IRS 990 filings on record.
What are Age Well Inc's total assets?
Age Well Inc holds total assets of $4,910,754 as reported in IRS 990 filings.
Where is Age Well Inc located?
Age Well Inc is based in Colchester, Vermont.
What is Age Well Inc's EIN?
Age Well Inc's Employer Identification Number (EIN) is 222474636. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Age Well Inc?
Age Well Inc is classified under NTEE code P81Z (Human Services).
Is Age Well Inc a registered 501(c)(3)?
Yes, Age Well Inc is recognized as a tax-exempt organization by the IRS. EIN: 222474636.
Does Age Well Inc file IRS Form 990?
Yes, Age Well Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Age Well Inc's revenue in 2023?
In the 202309 filing period, Age Well Inc reported total revenue of $10,538,785, total expenses of $10,510,886, and net assets of $4,989,243.
Is Age Well Inc's revenue growing or declining?
Age Well Inc's revenue is growing. Revenue went from $9,247,074 (202209) to $10,538,785 (202309), a +14.0% change. Based on 13 filings on record.
What is Age Well Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Age Well Inc covers tax period 202309. It shows revenue of $10,538,785, expenses of $10,510,886, total assets of $4,989,243, and liabilities of $1,654,203.
How much does Age Well Inc spend on programs vs administration?
Based on IRS 990 analysis, Age Well Inc allocates approximately 88% of expenses to program services, 7% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Age Well Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Age Well Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 5 strengths noted.
What are Age Well Inc's strengths?
Positive indicators for Age Well Inc include: Strong financial health with consistent revenue growth from $5.7M in 2017 to $11.0M in 2023.. High percentage of spending dedicated to programs (88%), demonstrating a strong commitment to its mission.. Healthy and growing asset base, from $2.6M in 2017 to $4.9M in 2023, providing financial stability.. Low administrative and fundraising costs (7% and 5% respectively) indicate efficient operations.. Consistent reporting of 0% compensation from independent sources for key personnel, suggesting good governance.. These findings are derived from AI analysis of the organization's financial filings.
How does Age Well Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data beyond a 0% compensation from independent sources, suggesting that executive salaries are covered within the general administrative expenses, which are a modest 7% of total spending. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has Age Well Inc managed to achieve such consistent revenue growth over the past seven years, nearly doubling its revenue from $5.7M in 2017 to $11.0M in 2023, while maintaining a high program spending ratio?
The consistent revenue growth suggests effective fundraising strategies, strong community support, and potentially expanding service offerings or increased demand for existing programs. The ability to maintain a high program spending ratio indicates efficient scaling of operations without a disproportionate increase in administrative or fundraising overhead.
Given the consistent 0% compensation from independent sources for key personnel, what mechanisms are in place to ensure competitive and fair executive compensation, and how is this reflected in the overall administrative expenses?
The 0% compensation from independent sources indicates that executive compensation is likely integrated into the organization's general operating budget. To ensure fairness and competitiveness, Age Well Inc would likely rely on internal salary scales, market benchmarking for similar nonprofit roles, and board oversight. This compensation would be part of the 7% administrative spending, which is a relatively low figure, suggesting a lean executive structure.
Filing History
IRS 990 filing history for Age Well Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Age Well Inc's revenue has grown by 114.8%, moving from $4.9M to $10.5M. Total assets increased by 89.2% over the same period, from $2.6M to $5.0M. Total functional expenses rose by 118.2%, from $4.8M to $10.5M. In its most recent filing year (2023), Age Well Inc reported a surplus of $28K, with revenue exceeding expenses. The organization holds $1.7M in liabilities against $5.0M in assets (debt-to-asset ratio: 33.2%), resulting in net assets of $3.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.5M | $10.5M | $5.0M | $1.7M | — | View 990 |
| 2022 | $9.2M | $8.9M | $4.9M | $1.7M | — | View 990 |
| 2021 | $7.7M | $7.7M | $4.8M | $1.7M | — | View 990 |
| 2020 | $7.3M | $7.2M | $4.9M | $2.0M | — | — |
| 2019 | $6.5M | $6.5M | $3.9M | $1.1M | — | View 990 |
| 2018 | $6.7M | $6.1M | $3.2M | $460K | — | View 990 |
| 2017 | $5.8M | $5.9M | $2.7M | $463K | — | View 990 |
| 2016 | $5.9M | $6.0M | $2.8M | $465K | — | View 990 |
| 2015 | $5.3M | $5.2M | $3.1M | $744K | — | View 990 |
| 2014 | $5.1M | $5.1M | $3.1M | $827K | — | View 990 |
| 2013 | $4.9M | $4.9M | $3.0M | $790K | — | View 990 |
| 2012 | $4.9M | $4.7M | $2.9M | $746K | — | View 990 |
| 2011 | $4.9M | $4.8M | $2.6M | $637K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.5M, expenses of $10.5M, and assets of $5.0M (revenue +14.0% year-over-year).
- 2022: Revenue of $9.2M, expenses of $8.9M, and assets of $4.9M (revenue +19.6% year-over-year).
- 2021: Revenue of $7.7M, expenses of $7.7M, and assets of $4.8M (revenue +5.4% year-over-year).
- 2020: Revenue of $7.3M, expenses of $7.2M, and assets of $4.9M (revenue +12.8% year-over-year).
- 2019: Revenue of $6.5M, expenses of $6.5M, and assets of $3.9M (revenue -2.8% year-over-year).
- 2018: Revenue of $6.7M, expenses of $6.1M, and assets of $3.2M (revenue +15.8% year-over-year).
- 2017: Revenue of $5.8M, expenses of $5.9M, and assets of $2.7M (revenue -2.4% year-over-year).
- 2016: Revenue of $5.9M, expenses of $6.0M, and assets of $2.8M (revenue +11.9% year-over-year).
- 2015: Revenue of $5.3M, expenses of $5.2M, and assets of $3.1M (revenue +4.2% year-over-year).
- 2014: Revenue of $5.1M, expenses of $5.1M, and assets of $3.1M (revenue +3.2% year-over-year).
- 2013: Revenue of $4.9M, expenses of $4.9M, and assets of $3.0M (revenue +1.3% year-over-year).
- 2012: Revenue of $4.9M, expenses of $4.7M, and assets of $2.9M (revenue -0.9% year-over-year).
- 2011: Revenue of $4.9M, expenses of $4.8M, and assets of $2.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Age Well Inc:
Data Sources and Methodology
This transparency report for Age Well Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.