Direction Home Akron Canton Area Agency on Aging

Analysis

Direction Home Akron Canton Area Agency on Aging is a registered charity in United States, based in Green, OH. It received its IRS tax-exemption ruling in July 1981, 45 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, Direction Home Akron Canton Area Agency on Aging reported income of $63.2m and spending of $63.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $56.8m to $63.2m (+11%), an average of +2.7% a year. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Direction Home Akron Canton 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 Wesley Family Services ($63.1m), Bishop Gadsden Episcopal Retirement Community ($63.2m) and United Church of Christ Homes ($63.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $1.2m (2.0% of expenses). Other salaries and wages came to $17.3m. At year end it held assets of $17.9m against liabilities of $13.8m, net assets of $4.1m. It reported 266 employees.