Aiken Area Council on Aging Inc

Analysis

Aiken Area Council on Aging Inc is a registered charity in United States, based in Aiken, SC. It received its IRS tax-exemption ruling in February 1972, 54 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 June 2023, Aiken Area Council on Aging Inc reported income of $3.4m and spending of $3.4m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.5m to $3.4m (+38%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Aiken Area Council on Aging Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within SC. Charities of a similar size with the same main cause include Shenandoah Area Agency on Aging Inc ($3.4m), Helping Mamas Inc ($3.4m) and Ggi Ability Services Inc ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $4.3m against liabilities of $2.2m, net assets of $2.1m. It reported 71 employees.