Western Connecticut Area Agency on Aging Inc

Analysis

Western Connecticut Area Agency on Aging Inc is a registered charity in United States, based in Waterbury, CT. It received its IRS tax-exemption ruling in September 1987, 39 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, Western Connecticut Area Agency on Aging Inc reported income of $9.4m and spending of $9.0m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $7.3m to $9.4m (+29%), an average of +6.5% a year. The sharpest change came in the year to September 2020, when income rose by 30%. 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, Western Connecticut Area Agency on Aging Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within CT. Charities of a similar size with the same main cause include The Food Trust ($9.4m), Dawn of Hope Inc ($9.4m) and Bauer Family Resources Inc ($9.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $239k (2.7% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $5.2m against liabilities of $2.7m, net assets of $2.5m. It reported 88 employees.