Area Agency on Aging of Pasco-Pinellas Inc

Analysis

Area Agency on Aging of Pasco-Pinellas Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in June 2000, 26 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 of Pasco-Pinellas Inc reported income of $35.9m and spending of $35.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $22.7m to $35.9m (+58%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 17%. 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 of Pasco-Pinellas Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Pennswood Village ($35.9m), Areawide Council on Aging of Broward County Inc ($35.9m) and Cornwall Manor ($35.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $3.5m. At year end it held assets of $12.8m against liabilities of $7.5m, net assets of $5.3m. It reported 91 employees.