Area IV Agency on Aging and Community Action Programs Inc

Analysis

Area IV Agency on Aging and Community Action Programs Inc is a registered charity in United States, based in Lafayette, IN. It received its IRS tax-exemption ruling in July 1984, 42 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 IV Agency on Aging and Community Action Programs Inc reported income of $14.2m and spending of $13.5m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.7m to $14.2m (+32%), an average of +7.3% a year. The sharpest change came in the year to December 2022, when income rose by 16%. 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 IV Agency on Aging and Community Action Programs Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IN. Charities of a similar size with the same main cause include Housing Consortium of the East Bay ($14.2m), Old Order Amish Helping Program ($14.2m) and Hudson Guild ($14.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $154k (1.1% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $3.5m against liabilities of $1.1m, net assets of $2.5m. It reported 97 employees.