Area Agency on Aging of Western Michigan Inc

Analysis

Area Agency on Aging of Western Michigan Inc is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in March 1976, 50 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 September 2023, Area Agency on Aging of Western Michigan Inc reported income of $61.0m and spending of $64.0m, spending 105% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $46.0m to $61.0m (+33%), an average of +7.3% a year. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Area Agency on Aging of Western Michigan Inc sits at the 99th 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 MI. Charities of a similar size with the same main cause include Ohio Association of Foodbanks ($60.9m), Lakewood Resource and Referral Center Inc ($61.1m) and Food Bank of Eastern Michigan Inc ($60.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 75% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $368k (0.6% of expenses). Other salaries and wages came to $6.6m. At year end it held assets of $19.0m against liabilities of $6.7m, net assets of $12.4m. It reported 132 employees.