Area Agencies on Aging Association of Michigan

Analysis

Area Agencies on Aging Association of Michigan is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in June 1986, 40 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Area Agencies on Aging Association of Michigan reported income of $599k and spending of $603k, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $617k to $599k (-2.9%), an average of -0.7% a year. The sharpest change came in the year to September 2023, when income rose by 42%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Area Agencies on Aging Association of Michigan sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MI. Charities of a similar size with the same main cause include Rhythmix Cultural Works ($599k), The Music Academy Foundation Inc ($599k) and Living Arts & Science Center Inc ($599k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $112k (19% of expenses). Other salaries and wages came to $51k. At year end it held assets of $429k against liabilities of $276k, net assets of $153k. It reported 2 employees.