Agency on Aging of South Central Connecticut Inc

Analysis

Agency on Aging of South Central Connecticut Inc is a registered charity in United States, based in North Haven, CT. It received its IRS tax-exemption ruling in February 1975, 51 years ago. 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, Agency on Aging of South Central Connecticut Inc reported income of $15.2m and spending of $15.0m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $13.0m to $15.2m (+17%), an average of +4.1% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Agency on Aging of South Central Connecticut Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CT. Charities of a similar size with the same main cause include The Urban Child Institute ($15.2m), Christian Schools Inc ($15.3m) and Virginia University of Lynchburg Inc ($15.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $349k (2.3% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $15.0m against liabilities of $4.7m, net assets of $10.3m. It reported 140 employees.