Psa 3 Agency on Aging Inc

Analysis

Psa 3 Agency on Aging Inc is a registered charity in United States, based in Lima, OH. It received its IRS tax-exemption ruling in October 1975, 51 years ago. 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, Psa 3 Agency on Aging Inc reported income of $24.1m and spending of $23.9m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.6m to $24.1m (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2020, when income rose by 28%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Psa 3 Agency on Aging 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 97th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include Comprehensive Behavioral Healthcare Inc ($24.1m), Alliance Preparatory Schools Inc ($24.1m) and Josephine Caring Community ($24.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $357k (1.5% of expenses). Other salaries and wages came to $6.8m. At year end it held assets of $8.0m against liabilities of $5.8m, net assets of $2.2m. It reported 163 employees.