Aroostook Area Agency on Aging Inc

Analysis

Aroostook Area Agency on Aging Inc is a registered charity in United States, based in Presque Isle, ME. It received its IRS tax-exemption ruling in July 1980, 46 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, Aroostook Area Agency on Aging Inc reported income of $4.7m and spending of $4.8m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.5m to $4.7m (+32%), an average of +7.1% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Aroostook Area Agency on Aging Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within ME. Charities of a similar size with the same main cause include Solid Ground ($4.7m), North Kitsap Fishline ($4.7m) and Childrens Choice of Maryland Inc ($4.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $159k (3.3% of expenses). Other salaries and wages came to $2.5m. It paid $13k in professional fundraising fees. At year end it held assets of $1.8m against liabilities of $900k, net assets of $928k. It reported 134 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.