Region VII Area Agency on Aging Inc

Analysis

Region VII Area Agency on Aging Inc is a registered charity in United States, based in Bay City, MI. It received its IRS tax-exemption ruling in May 1977, 49 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, Region VII Area Agency on Aging Inc reported income of $47.4m and spending of $49.4m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $34.9m to $47.4m (+36%), an average of +8.0% a year. 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, Region VII Area Agency on Aging Inc sits at the 99th percentile: it is larger than about 99% of them. 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 Eastside Retirement Association ($47.3m), Ozarks Food Harvest Inc ($47.5m) and Wayfinder Family Services ($47.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 22% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $567k (1.1% of expenses). Other salaries and wages came to $8.7m. At year end it held assets of $24.8m against liabilities of $5.4m, net assets of $19.4m. It reported 217 employees.