Center For Aging Inc
Center For Aging Inc: Strong Financials, High Program Spending
EIN: 222575377 · Freehold, NJ · NTEE: P750 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $56.3M |
| Total Expenses | $30.5M |
| Program Spending | 88% |
| Net Assets | $4.7M |
| Transparency Score | 85/100 |
Search Intent Cockpit
Center For Aging Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Center For Aging Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Center For Aging Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $30.1M and expenses of $30.5M.
Revenue and Expenses
Center For Aging Inc reported $30.1M in revenue and $30.5M in expenses, a deficit of $355K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 0 red flags, and 4 strengths are shown from structured and AI review.
Is Center For Aging Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $26.8M (88%) |
Across stored filings, Center For Aging Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 88% to programs | Excellent |
| Financial durability | Grade C | 13 stored filing years |
| Peer context | Compare with Dance For The Cure Inc | New Jersey and Human Services context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Local and Sector Spokes
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Keep the Investigation Moving
Center For Aging Inc directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
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.
Organization Overview
Center For Aging Inc is a major nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $30.1M |
| Total Expenses | $30.5M |
| Surplus / Deficit | $-354,938 |
| Total Assets | $82.6M |
| Total Liabilities | $77.9M |
| Net Assets | $4.7M |
| Operating Margin | -1.2% |
| Debt-to-Asset Ratio | 94.3% |
| Months of Reserves | 32.5 months |
Financial Health Grade: C
In 2023, Center For Aging Inc reported a deficit of $355K with expenses exceeding revenue, holds 32.5 months of operating reserves (strong position), has a debt-to-asset ratio of 94.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Center For Aging Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.4% | +6.2% | +1.4% |
| 2022 | +6.6% | +16.5% | -10.2% |
| 2021 | -8.2% | +4.8% | +1.2% |
| 2020 | -1.8% | -0.7% | +1.1% |
| 2019 | +9.3% | +3.6% | +6.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $355K, with expenses exceeding revenue.
- Debt-to-asset ratio: 94.3%.
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
Is Center For Aging Inc a legitimate charity?
Center For Aging Inc (EIN: 222575377) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $56.3M. No red flags identified. 4 strengths noted. Financial health grade: C.
How does Center For Aging Inc spend its money?
Center For Aging Inc directs 88% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Center For Aging Inc tax-deductible?
Center For Aging Inc is registered as a tax-exempt nonprofit (EIN: 222575377). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Center For Aging Inc's spending goes to programs?
Center For Aging Inc directs 88% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Center For Aging Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Center For Aging Inc is above average for NTEE category P750 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Center For Aging Inc located?
Center For Aging Inc is headquartered in Freehold, New Jersey and files with the IRS under EIN 222575377. It is classified under NTEE code P750.
How many years of IRS 990 filings does Center For Aging Inc have?
Center For Aging 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 $56.3M in total revenue.
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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Center For Aging Inc:
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.