Central Maine Area Agency on Aging

Analysis

Central Maine Area Agency on Aging is a registered charity in United States, based in Augusta, ME. It received its IRS tax-exemption ruling in October 1981, 45 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Central Maine Area Agency on Aging reported income of $13.9m and spending of $13.4m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $8.8m to $13.9m (+58%), an average of +12% a year. The sharpest change came in the year to September 2020, when income rose by 18%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Central Maine Area Agency on Aging sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within ME. Charities of a similar size with the same main cause include New Avenues to Independence Inc ($13.9m), Inland Christian Home Inc ($13.9m) and MBCH Children and Family Ministries ($13.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 45% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $302k (2.3% of expenses). Other salaries and wages came to $7.5m. At year end it held assets of $9.0m against liabilities of $2.5m, net assets of $6.5m. It reported 427 employees.