Southwestern Connecticut Agency on Aging Inc

Analysis

Southwestern Connecticut Agency on Aging Inc is a registered charity in United States, based in Bridgeport, CT. It received its IRS tax-exemption ruling in October 1974, 52 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, Southwestern Connecticut Agency on Aging Inc reported income of $15.4m and spending of $15.3m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $12.2m to $15.4m (+26%), an average of +6.0% a year. 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, Southwestern Connecticut Agency on Aging Inc 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 CT. Charities of a similar size with the same main cause include Hoffman Homes Inc ($15.4m), Better Together Strengthening Families Inc ($15.4m) and Catholic Charities Bureau ($15.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 51% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $315k (2.1% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $6.5m against liabilities of $2.6m, net assets of $3.9m. It reported 130 employees.