Valley Area Agency on Aging

Analysis

Valley Area Agency on Aging is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in October 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, Valley Area Agency on Aging reported income of $22.3m and spending of $22.2m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $18.2m to $22.3m (+23%), an average of +5.2% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Valley Area Agency on Aging sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MI. Charities of a similar size with the same main cause include Mercy Home for Children ($22.3m), Desert Christian Schools Inc ($22.3m) and Town School Inc ($22.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $320k (1.4% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $17.5m against liabilities of $2.5m, net assets of $15.0m. It reported 96 employees.