Center For Aging Inc
Center For Aging Inc: Strong Financials, High Program Spending
EIN: 222575377 · Freehold, NJ · NTEE: P750 · Updated: 2026-04-04
About Center For Aging Inc
Center For Aging Inc (EIN: 222575377) is a nonprofit organization based in Freehold, NJ, classified under NTEE code P750. The organization reported total revenue of $56.3M and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Center For Aging 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 Center For Aging 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, Center For Aging 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.
Executive Compensation Analysis
Executive compensation cannot be assessed from the provided data, as specific figures for individual compensation are not included in the financial summaries.
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 Center For Aging Inc:
- Consistently high program spending, with 88% of expenses dedicated to programs.
- Strong revenue growth from $22.2M in 2016 to $30.1M in 2023.
- Healthy asset base, with assets consistently exceeding liabilities.
- Positive net assets, indicating financial stability and sustainability.
Frequently Asked Questions about Center For Aging Inc
What does Center For Aging Inc do?
Center For Aging Inc is a nonprofit organization in the Human Services sector, located in Freehold, New Jersey. It is classified under NTEE code P750.
How much revenue does Center For Aging Inc have?
Center For Aging Inc reported total revenue of $56,327,542. Based on 13 IRS 990 filings on record.
What are Center For Aging Inc's total assets?
Center For Aging Inc holds total assets of $2,899,511 as reported in IRS 990 filings.
Where is Center For Aging Inc located?
Center For Aging Inc is based in Freehold, New Jersey.
What is Center For Aging Inc's EIN?
Center For Aging Inc's Employer Identification Number (EIN) is 222575377. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Center For Aging Inc?
Center For Aging Inc is classified under NTEE code P750 (Human Services).
Is Center For Aging Inc a registered 501(c)(3)?
Yes, Center For Aging Inc is recognized as a tax-exempt organization by the IRS. EIN: 222575377.
Does Center For Aging Inc file IRS Form 990?
Yes, Center For Aging Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Center For Aging Inc's revenue in 2023?
In the 202312 filing period, Center For Aging Inc reported total revenue of $30,103,355, total expenses of $30,458,293, and net assets of $82,577,130.
Is Center For Aging Inc's revenue growing or declining?
Center For Aging Inc's revenue is growing. Revenue went from $25,636,418 (202212) to $30,103,355 (202312), a +17.4% change. Based on 13 filings on record.
What is Center For Aging Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Center For Aging Inc covers tax period 202312. It shows revenue of $30,103,355, expenses of $30,458,293, total assets of $82,577,130, and liabilities of $77,899,792.
How much does Center For Aging Inc spend on programs vs administration?
Based on IRS 990 analysis, Center For Aging Inc allocates approximately 88% of expenses to program services, 7% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Center For Aging Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Center For Aging Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Center For Aging Inc's strengths?
Positive indicators for Center For Aging Inc include: Consistently high program spending, with 88% of expenses dedicated to programs.. Strong revenue growth from $22.2M in 2016 to $30.1M in 2023.. Healthy asset base, with assets consistently exceeding liabilities.. Positive net assets, indicating financial stability and sustainability.. These findings are derived from AI analysis of the organization's financial filings.
How does Center For Aging Inc compensate executives?
Executive compensation cannot be assessed from the provided data, as specific figures for individual compensation are not included in the financial summaries. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has the Center For Aging Inc managed to maintain such a high percentage of program spending despite fluctuating revenues and expenses over the years?
The Center For Aging Inc has consistently allocated a significant portion of its expenses to programs, averaging around 88% in the most recent filing. This indicates a strong commitment to its mission, likely achieved through efficient operational management and effective fundraising strategies that prioritize direct service delivery over administrative overhead.
Given the consistent growth in revenue and assets, what specific strategies might the Center For Aging Inc be employing to ensure long-term financial resilience and expansion of services?
The consistent growth in revenue (from $22.2M in 2016 to $30.1M in 2023) and a healthy asset base suggest effective financial management. Strategies likely include diversified funding sources, prudent investment of assets, and a focus on program effectiveness to attract continued donor support, all contributing to long-term resilience and potential for service expansion.
Filing History
IRS 990 filing history for Center For Aging Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Center For Aging Inc's revenue has grown by 77.4%, moving from $17.0M to $30.1M. Total assets decreased by 2.5% over the same period, from $84.7M to $82.6M. Total functional expenses rose by 75.8%, from $17.3M to $30.5M. In its most recent filing year (2023), Center For Aging Inc reported a deficit of $355K, with expenses exceeding revenue. The organization holds $77.9M in liabilities against $82.6M in assets (debt-to-asset ratio: 94.3%), resulting in net assets of $4.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $30.1M | $30.5M | $82.6M | $77.9M | — | — |
| 2022 | $25.6M | $28.7M | $81.4M | $77.6M | — | View 990 |
| 2021 | $24.1M | $24.6M | $90.7M | $76.1M | — | View 990 |
| 2020 | $26.2M | $23.5M | $89.6M | $73.6M | — | View 990 |
| 2019 | $26.7M | $23.7M | $88.6M | $76.0M | — | View 990 |
| 2018 | $24.4M | $22.8M | $83.6M | $76.3M | — | View 990 |
| 2017 | $23.2M | $21.5M | $87.0M | $80.0M | — | — |
| 2016 | $22.3M | $20.6M | $82.0M | $78.4M | — | View 990 |
| 2015 | $20.3M | $19.7M | $78.5M | $78.2M | — | View 990 |
| 2014 | $19.4M | $17.9M | $77.3M | $78.1M | — | View 990 |
| 2013 | $18.3M | $17.3M | $78.1M | $81.3M | — | View 990 |
| 2012 | $16.1M | $17.9M | $77.9M | $82.8M | — | View 990 |
| 2011 | $17.0M | $17.3M | $84.7M | $86.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $30.1M, expenses of $30.5M, and assets of $82.6M (revenue +17.4% year-over-year).
- 2022: Revenue of $25.6M, expenses of $28.7M, and assets of $81.4M (revenue +6.6% year-over-year).
- 2021: Revenue of $24.1M, expenses of $24.6M, and assets of $90.7M (revenue -8.2% year-over-year).
- 2020: Revenue of $26.2M, expenses of $23.5M, and assets of $89.6M (revenue -1.8% year-over-year).
- 2019: Revenue of $26.7M, expenses of $23.7M, and assets of $88.6M (revenue +9.3% year-over-year).
- 2018: Revenue of $24.4M, expenses of $22.8M, and assets of $83.6M (revenue +5.4% year-over-year).
- 2017: Revenue of $23.2M, expenses of $21.5M, and assets of $87.0M (revenue +4.1% year-over-year).
- 2016: Revenue of $22.3M, expenses of $20.6M, and assets of $82.0M (revenue +9.9% year-over-year).
- 2015: Revenue of $20.3M, expenses of $19.7M, and assets of $78.5M (revenue +4.3% year-over-year).
- 2014: Revenue of $19.4M, expenses of $17.9M, and assets of $77.3M (revenue +6.4% year-over-year).
- 2013: Revenue of $18.3M, expenses of $17.3M, and assets of $78.1M (revenue +13.2% year-over-year).
- 2012: Revenue of $16.1M, expenses of $17.9M, and assets of $77.9M (revenue -4.9% year-over-year).
- 2011: Revenue of $17.0M, expenses of $17.3M, and assets of $84.7M.
Data Sources and Methodology
This transparency report for Center For Aging 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.