Services For The Aged Inc
Services For The Aged Inc consistently operates with stable assets but frequently incurs operational deficits, reporting zero officer compensation.
EIN: 133200109 · New York, NY · NTEE: P44Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $28.8M |
| Total Expenses | $32.5M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $30 |
| Net Assets | $1.3M |
| Transparency Score | 85/100 |
Is Services For The Aged Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Services For The Aged Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Services For The Aged Inc
Services For The Aged Inc (EIN: 133200109) is a nonprofit organization based in New York, NY, classified under NTEE code P44Z. The organization reported total revenue of $28.8M and total assets of $9.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Services For The Aged Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Services For The Aged Inc is a large 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 8.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $31.5M |
| Total Expenses | $32.5M |
| Surplus / Deficit | $-952,197 |
| Total Assets | $10.1M |
| Total Liabilities | $8.8M |
| Net Assets | $1.3M |
| Operating Margin | -3.0% |
| Debt-to-Asset Ratio | 86.7% |
| Months of Reserves | 3.7 months |
Financial Health Grade: C
In 2023, Services For The Aged Inc reported a deficit of $952K with expenses exceeding revenue, holds 3.7 months of operating reserves (adequate), has a debt-to-asset ratio of 86.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Services For The Aged Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.3% | +5.2% | +22.7% |
| 2022 | -11.0% | -5.3% | -12.5% |
| 2021 | -11.0% | -9.5% | -5.2% |
| 2020 | -23.7% | -25.1% | -1.0% |
| 2019 | -0.8% | +3.9% | -7.0% |
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 Services For The Aged 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: 90%
- fundraising: 3%
According to IRS 990 filings, Services For The Aged Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $952K, with expenses exceeding revenue.
- Debt-to-asset ratio: 86.7%.
Executive Compensation Analysis
Services For The Aged Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its highest-ranking executives, which is highly unusual for an organization of its size with annual revenues often exceeding $30 million.
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 Services For The Aged Inc's IRS 990 filings:
- Frequent operational deficits (e.g., 2023, 2022, 2021, 2019) where expenses exceed revenue, potentially impacting long-term financial health.
- Significant decline in revenue from $47,746,461 in 2018 to $31,529,053 in 2023, indicating a potential challenge in funding or program scale.
Strengths
The following positive indicators were identified for Services For The Aged Inc:
- Consistent reporting of 0% officer compensation, indicating a strong commitment to directing resources to programs rather than executive salaries.
- Stable asset base (e.g., $10,094,603 in 2023) providing financial resilience despite operational deficits.
- Long history of IRS 990 filings (13 filings), demonstrating consistent transparency and compliance.
Frequently Asked Questions about Services For The Aged Inc
Is Services For The Aged Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Services For The Aged Inc (EIN: 133200109) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Services For The Aged Inc spend its money?
Services For The Aged Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Services For The Aged Inc tax-deductible?
Services For The Aged Inc is registered as a tax-exempt nonprofit (EIN: 133200109). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Services For The Aged Inc CEO make?
Services For The Aged Inc's highest-compensated officer earns $30 annually. The organization reported $28.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Services For The Aged Inc's spending goes to programs?
Services For The Aged Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Services For The Aged Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Services For The Aged Inc is above average for NTEE category P44Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Services For The Aged Inc located?
Services For The Aged Inc is headquartered in New York, New York and files with the IRS under EIN 133200109. It is classified under NTEE code P44Z.
How many years of IRS 990 filings does Services For The Aged Inc have?
Services For The Aged 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 $28.8M in total revenue.
Is Services For The Aged Inc financially sustainable given its recurring operational deficits?
While Services For The Aged Inc has maintained a stable asset base (e.g., $10,094,603 in 2023), it has frequently reported expenses exceeding revenue (e.g., a $952,197 deficit in 2023). This trend, if continued, could impact long-term sustainability, though current assets provide a buffer.
How does Services For The Aged Inc manage to operate without officer compensation?
The filings consistently show 0% officer compensation, which is highly unusual for an organization of this scale. This could imply that executive leadership is entirely volunteer-based, compensated through a related entity not reported as officer compensation, or that the organization's structure does not include traditional 'officer' roles with salaries.
What is the trend in Services For The Aged Inc's revenue over the past few years?
Services For The Aged Inc's revenue has fluctuated, decreasing from a peak of $47,746,461 in 2018 to $31,529,053 in 2023, with some variability in between. This indicates a downward trend in revenue generation over the last five years.
Filing History
IRS 990 filing history for Services For The Aged Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Services For The Aged Inc's revenue has grown by 163.8%, moving from $12.0M to $31.5M. Total assets increased by 119.9% over the same period, from $4.6M to $10.1M. Total functional expenses rose by 171.7%, from $12.0M to $32.5M. In its most recent filing year (2023), Services For The Aged Inc reported a deficit of $952K, with expenses exceeding revenue. The organization holds $8.8M in liabilities against $10.1M in assets (debt-to-asset ratio: 86.7%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $31.5M | $32.5M | $10.1M | $8.8M | — | — |
| 2022 | $28.6M | $30.9M | $8.2M | $5.9M | — | View 990 |
| 2021 | $32.1M | $32.6M | $9.4M | $4.8M | — | View 990 |
| 2020 | $36.1M | $36.0M | $9.9M | $4.8M | — | View 990 |
| 2019 | $47.4M | $48.1M | $10.0M | $5.0M | — | View 990 |
| 2018 | $47.7M | $46.3M | $10.8M | $5.0M | — | View 990 |
| 2017 | $41.5M | $41.4M | $10.4M | $6.1M | — | View 990 |
| 2016 | $39.2M | $38.0M | $8.9M | $4.6M | — | View 990 |
| 2015 | $31.3M | $30.3M | $7.2M | $4.1M | — | View 990 |
| 2014 | $28.9M | $28.5M | $11.1M | $9.0M | — | View 990 |
| 2013 | $24.9M | $23.2M | $10.4M | $8.7M | — | View 990 |
| 2012 | $11.6M | $11.6M | $4.8M | $4.8M | — | View 990 |
| 2011 | $12.0M | $12.0M | $4.6M | $4.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $31.5M, expenses of $32.5M, and assets of $10.1M (revenue +10.3% year-over-year).
- 2022: Revenue of $28.6M, expenses of $30.9M, and assets of $8.2M (revenue -11.0% year-over-year).
- 2021: Revenue of $32.1M, expenses of $32.6M, and assets of $9.4M (revenue -11.0% year-over-year).
- 2020: Revenue of $36.1M, expenses of $36.0M, and assets of $9.9M (revenue -23.7% year-over-year).
- 2019: Revenue of $47.4M, expenses of $48.1M, and assets of $10.0M (revenue -0.8% year-over-year).
- 2018: Revenue of $47.7M, expenses of $46.3M, and assets of $10.8M (revenue +15.0% year-over-year).
- 2017: Revenue of $41.5M, expenses of $41.4M, and assets of $10.4M (revenue +5.9% year-over-year).
- 2016: Revenue of $39.2M, expenses of $38.0M, and assets of $8.9M (revenue +25.3% year-over-year).
- 2015: Revenue of $31.3M, expenses of $30.3M, and assets of $7.2M (revenue +8.2% year-over-year).
- 2014: Revenue of $28.9M, expenses of $28.5M, and assets of $11.1M (revenue +16.2% year-over-year).
- 2013: Revenue of $24.9M, expenses of $23.2M, and assets of $10.4M (revenue +114.5% year-over-year).
- 2012: Revenue of $11.6M, expenses of $11.6M, and assets of $4.8M (revenue -2.9% year-over-year).
- 2011: Revenue of $12.0M, expenses of $12.0M, and assets of $4.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Services For The Aged Inc:
Data Sources and Methodology
This transparency report for Services For The Aged 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.