Area V Agency on Aging

Analysis

Area V Agency on Aging is a registered charity in United States, based in Butte, MT. It received its IRS tax-exemption ruling in June 1986, 40 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, Area V Agency on Aging reported income of $1.5m and spending of $2.1m, spending 139% of what it took in. Across the 3 years on record, from June 2020 to June 2023, income grew from $1.4m to $1.5m (+10.0%), an average of +4.9% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 118% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Area V Agency on Aging sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within MT. Charities of a similar size with the same main cause include Anns Heart ($1.5m), Wilshire Community Services ($1.5m) and Forget Me Knot Children and Youth Services ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $67k (3.2% of expenses). Other salaries and wages came to $181k. At year end it held assets of $261k against liabilities of $49k, net assets of $213k. It reported 8 employees.