Detroit Area Agency on Aging

Analysis

Detroit Area Agency on Aging is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in April 1983, 43 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, Detroit Area Agency on Aging reported income of $85.4m and spending of $85.8m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $78.0m to $85.4m (+9.4%), an average of +2.3% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Detroit Area Agency on Aging sits at the 100th 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 Second Harvest Food Bank of Greater New Orleans and Acadiana ($85.3m), Cornerstone Hospice & Palliative Care Inc ($85.5m) and Jewish Family & Childrens Services ($85.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $545k (0.6% of expenses). Other salaries and wages came to $8.2m. At year end it held assets of $41.1m against liabilities of $15.5m, net assets of $25.6m. It reported 172 employees.