Eastern Agency on Aging

Analysis

Eastern Agency on Aging is a registered charity in United States, based in Brewer, ME. It received its IRS tax-exemption ruling in May 1976, 50 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, Eastern Agency on Aging reported income of $4.9m and spending of $4.8m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.0m to $4.9m (+64%), an average of +13% a year. The sharpest change came in the year to September 2020, when income rose by 27%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Eastern Agency on Aging 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 California Drug Consultants Inc ($4.9m), Men of Nehemiah Inc ($4.9m) and Asian Youth Center ($4.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 91% and program service revenue 6.8% of the total. Compensation of current officers, directors and key employees was $141k (2.9% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $4.7m against liabilities of $1.7m, net assets of $3.0m. It reported 58 employees.