North Central Area Agency on Aging Inc

Analysis

North Central Area Agency on Aging Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in April 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, North Central Area Agency on Aging Inc reported income of $8.0m and spending of $8.0m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.5m to $8.0m (+44%), an average of +9.6% a year. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, North Central Area Agency on Aging Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within CT. Charities of a similar size with the same main cause include Community Foundation of Lorain County ($7.9m), Don & Sybil Harrington Foundation ($8.0m) and Soaring Eagle Academy ($7.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% and program service revenue 1.1% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $2.1m against liabilities of $1.8m, net assets of $285k. It reported 22 employees.