East Central Illinois Area Agency on Aging Inc

Analysis

East Central Illinois Area Agency on Aging Inc is a registered charity in United States, based in Bloomington, IL. It received its IRS tax-exemption ruling in May 1977, 49 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, East Central Illinois Area Agency on Aging Inc reported income of $11.0m and spending of $10.9m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $6.6m to $11.0m (+66%), an average of +14% a year. The sharpest change came in the year to September 2020, when income rose by 27%. 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, East Central Illinois Area Agency on Aging 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 95th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include Mymichigan Home Care ($11.0m), Progressive Healthcare Providers - Fern Park LLC ($11.0m) and St Margarets ($11.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $336k (3.1% of expenses). Other salaries and wages came to $741k. At year end it held assets of $3.9m against liabilities of $3.2m, net assets of $724k. It reported 20 employees.