Southern Maine Agency on Aging

Analysis

Southern Maine Agency on Aging is a registered charity in United States, based in Biddeford, ME. It received its IRS tax-exemption ruling in April 1979, 47 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, Southern Maine Agency on Aging reported income of $6.7m and spending of $6.6m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.6m to $6.7m (+19%), an average of +4.5% a year. The sharpest change came in the year to September 2023, when income rose by 33%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Southern Maine Agency on Aging sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within ME. Charities of a similar size with the same main cause include Connections ($6.7m), Mulberry Gardens at Southington LLC ($6.7m) and Heart for Lebanon Foundation ($6.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% and program service revenue 6.6% of the total. Compensation of current officers, directors and key employees was $299k (4.5% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $6.5m against liabilities of $1.6m, net assets of $4.9m. It reported 63 employees.