Aging In America Inc
Aging In America Inc consistently spends more than it earns, relying on substantial assets to cover operational deficits.
EIN: 136126508 · Valhalla, NY · NTEE: P81Z · Updated: 2026-03-28
Is Aging In America Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Aging In America Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Aging In America Inc
Aging In America Inc (EIN: 136126508) is a nonprofit organization based in Valhalla, NY, classified under NTEE code P81Z. The organization reported total revenue of $10.0M and total assets of $36.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Aging In America Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Aging In America Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Aging In America Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Aging In America Inc consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to its officers, which is a strong positive for transparency and resource allocation.
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.
Red Flags
The following concerns were identified during AI analysis of Aging In America Inc's IRS 990 filings:
- Consistent operational deficits where expenses exceed revenue (e.g., 2023: $1,155,136 expenses vs. $760,006 revenue; 2022: $1,132,004 expenses vs. $209,267 revenue).
- Significant fluctuations in annual revenue, making financial planning potentially challenging (e.g., $209,267 in 2022 vs. $1,992,327 in 2021).
Strengths
The following positive indicators were identified for Aging In America Inc:
- Strong asset base providing financial stability and reserves ($32,035,715 in 2023).
- Zero reported officer compensation across all filings, indicating efficient use of funds and high transparency regarding executive pay.
- Low liabilities relative to assets ($408,075 liabilities vs. $32,035,715 assets in 2023), indicating a healthy balance sheet.
- Consistent filing of IRS Form 990s (13 filings), demonstrating a commitment to transparency and regulatory compliance.
Frequently Asked Questions about Aging In America Inc
Is Aging In America Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Aging In America Inc (EIN: 136126508) some concerns. Mission Score: 70/100. 2 red flags identified, 4 strengths noted.
How does Aging In America Inc spend its money?
Aging In America Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Aging In America Inc tax-deductible?
Aging In America Inc is registered as a tax-exempt nonprofit (EIN: 136126508). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Aging In America Inc financially sustainable given its recurring operational deficits?
The organization has consistently reported expenses exceeding revenue in recent years (e.g., $1,155,136 expenses vs. $760,006 revenue in 2023). While it possesses substantial assets ($32,035,715 in 2023), this trend suggests a reliance on drawing down reserves, which is not sustainable long-term without increased revenue or reduced expenses.
What is the primary source of funding for Aging In America Inc?
The provided data shows fluctuating revenues, from a low of $209,267 in 2022 to a high of $2,024,197 in 2019. Without more detailed information from the 990 filings, it's not possible to determine the specific primary sources (e.g., grants, donations, program service revenue).
How does Aging In America Inc manage its significant asset base?
The organization maintains a substantial asset base, reaching $36,252,205 in 2021 and $32,035,715 in 2023. Given the operational deficits, these assets likely serve as an endowment or reserve fund, but the specific investment strategies or utilization for mission-related activities are not detailed in the provided data.
Filing History
IRS 990 filing history for Aging In America Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Aging In America Inc's revenue has grown by 26.7%, moving from $600K to $760K. Total assets increased by 82.6% over the same period, from $17.5M to $32.0M. Total functional expenses fell by 83.5%, from $7.0M to $1.2M. In its most recent filing year (2023), Aging In America Inc reported a deficit of $395K, with expenses exceeding revenue. The organization holds $408K in liabilities against $32.0M in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $31.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $760K | $1.2M | $32.0M | $408K | — | — |
| 2022 | $209K | $1.1M | $28.6M | $431K | — | — |
| 2021 | $2.0M | $1.1M | $35.5M | $314K | — | View 990 |
| 2020 | $1.4M | $1.3M | $32.2M | $299K | — | — |
| 2019 | $2.0M | $1.1M | $29.6M | $105K | — | View 990 |
| 2018 | $1.9M | $1.2M | $25.1M | $120K | — | View 990 |
| 2017 | $739K | $1.4M | $27.5M | $1.2M | — | View 990 |
| 2016 | $732K | $2.2M | $25.4M | $969K | — | View 990 |
| 2015 | $530K | $3.6M | $25.4M | $187K | — | View 990 |
| 2014 | $496K | $1.2M | $29.1M | $76K | — | View 990 |
| 2013 | $864K | $262K | $18.7M | $158K | — | View 990 |
| 2012 | $705K | $1.3M | $17.4M | $501K | — | View 990 |
| 2011 | $600K | $7.0M | $17.5M | $505K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $760K, expenses of $1.2M, and assets of $32.0M (revenue +263.2% year-over-year).
- 2022: Revenue of $209K, expenses of $1.1M, and assets of $28.6M (revenue -89.5% year-over-year).
- 2021: Revenue of $2.0M, expenses of $1.1M, and assets of $35.5M (revenue +46.0% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.3M, and assets of $32.2M (revenue -32.6% year-over-year).
- 2019: Revenue of $2.0M, expenses of $1.1M, and assets of $29.6M (revenue +8.4% year-over-year).
- 2018: Revenue of $1.9M, expenses of $1.2M, and assets of $25.1M (revenue +152.9% year-over-year).
- 2017: Revenue of $739K, expenses of $1.4M, and assets of $27.5M (revenue +0.9% year-over-year).
- 2016: Revenue of $732K, expenses of $2.2M, and assets of $25.4M (revenue +38.1% year-over-year).
- 2015: Revenue of $530K, expenses of $3.6M, and assets of $25.4M (revenue +6.8% year-over-year).
- 2014: Revenue of $496K, expenses of $1.2M, and assets of $29.1M (revenue -42.6% year-over-year).
- 2013: Revenue of $864K, expenses of $262K, and assets of $18.7M (revenue +22.7% year-over-year).
- 2012: Revenue of $705K, expenses of $1.3M, and assets of $17.4M (revenue +17.5% year-over-year).
- 2011: Revenue of $600K, expenses of $7.0M, and assets of $17.5M.
Data Sources and Methodology
This transparency report for Aging In America 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.