Western Reserve Area Agency on Aging

Analysis

Western Reserve Area Agency on Aging is a registered charity in United States, based in North Olmsted, OH. It received its IRS tax-exemption ruling in December 1989, 37 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, Western Reserve Area Agency on Aging reported income of $86.7m and spending of $85.2m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $69.6m to $86.7m (+25%), an average of +5.7% 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, Western Reserve Area Agency on Aging sits at the 100th 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 Menorah Park Center for Senior Living ($86.4m), Central Boston Elder Services Inc ($86.9m) and Independent Group Home Living Program Inc ($86.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $2.5m (2.9% of expenses). Other salaries and wages came to $22.0m. At year end it held assets of $35.9m against liabilities of $23.8m, net assets of $12.1m. It reported 395 employees.