Northwestern Illinois Area Agency on Aging

Analysis

Northwestern Illinois Area Agency on Aging is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in October 1979, 47 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 September 2023, Northwestern Illinois Area Agency on Aging reported income of $10.1m and spending of $10.1m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $6.0m to $10.1m (+70%), an average of +14% a year. The sharpest change came in the year to September 2021, when income rose by 36%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northwestern Illinois Area Agency on Aging sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include Odd Fellows Home of Massachusetts ($10.1m), Oak Park Residence Corp ($10.1m) and Competitive Enterprise Institute ($10.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $224k (2.2% of expenses). Other salaries and wages came to $269k. At year end it held assets of $2.0m against liabilities of $1.5m, net assets of $417k. It reported 9 employees.