Area Agency on Aging

Analysis

Area Agency on Aging is a registered charity in United States, based in Cambridge, OH. It received its IRS tax-exemption ruling in February 1979, 47 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 December 2023, Area Agency on Aging reported income of $55.7m and spending of $55.2m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $49.1m to $55.7m (+13%), an average of +3.2% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Area Agency on Aging sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include Community Partnership for Children Inc ($55.6m), Nysarc Inc ($55.9m) and Sweetser ($55.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.1% of the total. Compensation of current officers, directors and key employees was $729k (1.3% of expenses). Other salaries and wages came to $8.9m. At year end it held assets of $19.6m against liabilities of $14.6m, net assets of $5.0m. It reported 173 employees.