AARP Foundation
78% goes to programs $15 to raise $100 Strong reserves Declining revenue
AARP Foundation is a 501(c)(3) organization based in Washington, District of Columbia, registered in 1963, with $202,932,133 in FY2024 revenue. CharityIndex grades it A, and it directs about 78% of spending to programs.
601 E St Nw, Washington, DC, 20049 EIN 52-0794300 Since 1963
Revenue (FY2024)
$202.9M
▲ 15.8% vs prior year
Human Services median: $293K
Expenses (FY2024)
$194.4M
Net assets
$673.1M
Employees
368
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
B+Program efficiency40% of the rating78% to programs · $15 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For AARP Foundation: 78% to programs · $15 to raise $100 earns a B+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating42 mo reserves · +4% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For AARP Foundation: 42 mo reserves · +4% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For AARP Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For AARP Foundation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Creates and advances effective solutions to reduce poverty for and with older adults.
What they do
Volunteer programs provide support for teams of volunteers that help older adults with low income and bring a sense of purpose back into the lives of older adult volunteers. this includes aarp foundation tax-aide, which relies on more than 28,000 volunteers nationwide to provide free tax preparation and filing assistance, especially to older adults with low to moderate income. tax-aide volunteers are trained and irs-certified annually and typically help taxpayers receive close to $1 billion in refunds and credits every year. additional programs include experience corps, a community-based, program that engages highly trained volunteers over 50 as tutors and mentors to help k-3 students become better readers by the end of third grade.
Litigation programs engage in litigation to ensure that older adults have a voice and proper representation in the legal system. the foundation's attorneys file and support lawsuits that have a significant impact on senior poverty by reducing barriers to employment, increasing access to public and private benefits, and protecting consumers.
Financial wellbeing programs provide support to help older adults with low income maximize the public benefits for which they are eligible and thereby improve their financial wellbeing. this includes services that enable older adults to enroll in the supplemental nutrition assistance program (snap) for food assistance, as well as medicaid, medicare savings programs, and the low-income subsidy program to afford healthcare and prescription medications.
Contact & location
- Address
- 601 E St Nw, Washington, DC, 20049
- City
- Washington
- State
- District of Columbia
- Category
- Human Services
- Subcategory
- Services for Specific Populations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $144.7M (FY2013) to $202.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $54.8MNet assets $673.1M
Operating margin
4.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$728.0M
Total liabilities
$54.8M
Net assets
$673.1M
Salaries & benefits
$46.4M
24% of expenses
Board members
13
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $202,932,133▲15.8% | $194,382,273▲1.3% | $673,123,800▲5.9% | $727,968,863▲5.0% | 990 |
| 2023 | $175,249,637▼13.8% | $191,925,498▼1.8% | $635,593,093▲5.5% | $693,172,214▲4.6% | 990 |
| 2022 | $203,216,966▼20.0% | $195,405,209▲7.6% | $602,419,247▼7.0% | $662,653,314▼5.8% | 990 |
| 2021 | $254,163,099▲36.2% | $181,584,159▲4.8% | $648,066,628▲11.4% | $703,184,035▲10.5% | 990 |
| 2020 | $186,546,543▼36.9% | $173,261,974▼7.6% | $581,891,825▲8.9% | $636,519,309▲6.3% | 990 |
| 2019 | $295,801,954▲4.9% | $187,425,925▲9.7% | $534,169,334▲38.2% | $598,934,811▲36.3% | 990 |
| 2018 | $282,082,741▲3.0% | $170,923,640▼3.7% | $386,579,789▲19.4% | $439,330,745▲15.3% | 990 |
| 2017 | $273,794,980▼7.9% | $177,579,018▲8.9% | $323,808,478▲50.8% | $380,917,771▲42.9% | 990 |
| 2016 | $297,220,619▲90.9% | $163,130,106▲7.7% | $214,726,689▲166% | $266,584,963▲106% | 990 |
| 2015 | $155,682,431▲6.2% | $151,499,707▲4.8% | $80,686,774▲0.1% | $129,157,960▼5.0% | 990 |
| 2014 | $146,610,280▲1.4% | $144,543,038▲1.3% | $80,578,693▲2.8% | $136,012,640▲2.6% | 990 |
| 2013 | $144,653,292 | $142,744,954▲1.7% | $78,377,578▲10.3% | $132,599,058▲9.8% | 990 |
| 2012 | — | $140,320,617▲1.1% | $71,044,974▲13.7% | $120,780,906▲11.7% | 990 |
| 2011 | — | $138,801,516▼19.1% | $62,480,216▼0.3% | $108,083,041▼1.9% | 990 |
| 2010 | — | $171,665,542 | $62,670,608 | $110,185,168 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Patricia D Shannon — $492,831 (0.25% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Patricia D Shannon | Cfo & Senior Vice President | 40 | $492,831 |
| Claire Casey | President | 40 | $490,291 |
| Emily S Allen | Svp - Programs | 40 | $386,451 |
| William A Rivera | Svp - Litigation | 40 | $363,132 |
| Brittany Feinson | Svp - Marketing & Communications | 40 | $338,169 |
| Demetrios Antzoulatos | Vp - Finance, Grants, & Ops | 40 | $320,498 |
| Marc Mcdonald | Vp - Integration (until 4/12/24) | 40 | $317,264 |
| Stephen Venute | Vp - Corp & Fdn Rels (until 11/4/24) | 40 | $300,886 |
| Kelly Bagby | Vp - Litigation | 40 | $296,136 |
| Mindy Feldbaum | Director - Programs | 40 | $284,680 |
| Shelley Goode | Svp & Chief Dev Officer (as of 4/1/24) | 40 | $225,856 |
| Alexander Van Kemenade | Svp - Impact & Analytics (as of 8/19/24) | 40 | $194,327 |
| Ann G Daw | Board Member (until 6/2024) | 3 | — |
| Beth Chandler | Board Member (as of 9/2024) | 3 | — |
| Betty J Hudson | Board Member | 3 | — |
| Diane D Miller | Vice Chair (until 6/2024) | 3 | — |
| Elaine Boltz | Board Member | 3 | — |
| Gregory J Dyson | Board Member | 3 | — |
| Jami Wyatt | Secretary | 1 | — |
| Libby Sartain | Chair | 6 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| The Moore Companies Inc | Commercial Printing Services | $3,828,179 |
| Concord Litho Group | Strategic & Creative Marketing Services | $3,507,994 |
| Cp Direct Inc | Commercial Printing Services | $1,682,328 |
| Slalom Inc | Technology & Other Services | $1,652,245 |
| Bsc Acquistion Sub LLC | Direct Mail Services | $1,461,123 |
Grants received · $578.0M total
129 grants to AARP Foundation totaling $578.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Easter Seals Inc | Disability services | 2024 | $5,178,396 |
| AARP | General support | 2024 | $514,383 |
| American Online Giving Foundation Inc | General support | 2024 | $73,317 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $40,424 |
| American Endowment Foundation | Human service | 2024 | $28,707 |
| Mercy Housing Inc | Low-income housing | 2024 | $25,703 |
| Charities Aid Foundation America | Charitable donation | 2024 | $13,685 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $8,060 |
| Paypal Charitable Giving Fund | General support | 2024 | $6,731 |
| Greater Horizons | Human services | 2024 | $6,500 |
| T Rowe Price Program For Charitable Giving Inc | Multiple | 2024 | $5,600 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $5,000 |
| Easter Seals Inc | Disability services | 2023 | $5,018,495 |
| National Experienced Workforce Solutions Inc | Sub-award under dol scsep program | 2023 | $2,998,260 |
| Tides Foundation | Healthy individuals and communities | 2023 | $2,000,000 |
Grants made · $11.1M in FY2024
114 grants totaling $11.1M in FY2024 — showing the 15 largest. All grants made by AARP Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| Older Adults Technology Services Inc | Grant to support aarp foundation's economic mobility program | $788,322 |
| University of California College of the Law San Francisco | Grant to support aarp foundation's advancing economic opportunity program | $677,147 |
| Code For America Labs | Grant to support aarp foundation's financial wellbeing program | $531,542 |
| Network of Jewish Human Service Agencies Inc | Grant to support aarp foundation's advancing economic opportunity program | $450,000 |
| Info Line of San Diego County | Grant to support aarp foundation's financial wellbeing program | $350,000 |
| St Bernard Project Inc | Grant to support disaster relief | $350,000 |
| Literations Corp | Grant to support aarp foundation's experience corps program | $339,195 |
| Sc Thrive | Grant to support aarp foundation's financial wellbeing program | $336,108 |
| Aster Aging Inc | Grant to support aarp foundation's advancing economic opportunity program | $306,000 |
| Housing Assistance Council | Grant to support aarp foundation's advancing economic opportunity program | $250,000 |
| Read To Succeed Buffalo Inc | Grant to support aarp foundation's experience corps program | $245,796 |
| AARP | Grants to support charitable safety and health programs | $209,413 |
| Hunger Free America Inc | Grant to support aarp foundation's financial wellbeing program | $200,000 |
| Beloved Asheville | Grant to support disaster relief | $200,000 |
| Feeding the Gulf Coast | Grant to support aarp foundation's financial wellbeing program | $200,000 |
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Frequently asked questions
- Is AARP Foundation a legitimate nonprofit?
- Yes. AARP Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 52-0794300, based in Washington, District of Columbia. Donations are tax-deductible.
- What is AARP Foundation's EIN?
- AARP Foundation's Employer Identification Number (EIN) is 52-0794300.
- How much revenue does AARP Foundation report?
- AARP Foundation reported $202,932,133 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of AARP Foundation's spending goes to programs?
- AARP Foundation spends about 78% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does AARP Foundation have?
- CharityIndex grades AARP Foundation A, based on program efficiency and fundraising cost.
- How much does AARP Foundation's highest-paid employee make?
- The highest reported compensation on AARP Foundation's latest Form 990 is $492,831, paid to Patricia D Shannon (Cfo & Senior Vice President).
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Explore more
Data for AARP Foundation (EIN 52-0794300) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.