Area Agency on Aging for Lincolnland Inc

Analysis

Area Agency on Aging for Lincolnland Inc is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in June 1978, 48 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, Area Agency on Aging for Lincolnland Inc reported income of $7.0m and spending of $7.0m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.6m to $7.0m (+51%), an average of +11% a year. The sharpest change came in the year to September 2020, when income rose by 37%. 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, Area Agency on Aging for Lincolnland Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Coalition for the Homeless Inc ($7.0m), Central Minnesota Jobs and Training Services Inc ($7.0m) and St Vincent de Paul Society District Council ($7.0m).

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 $90k (1.3% of expenses). Other salaries and wages came to $360k. At year end it held assets of $1.5m against liabilities of $848k, net assets of $615k. It reported 17 employees.