Connections Area Agency on Aging Inc

Analysis

Connections Area Agency on Aging Inc is a registered charity in United States, based in Council BLFS, IA. It received its IRS tax-exemption ruling in December 1980, 46 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 June 2023, Connections Area Agency on Aging Inc reported income of $7.2m and spending of $6.8m, spending 95% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $5.3m to $7.2m (+37%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Connections Area Agency on Aging Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IA. Charities of a similar size with the same main cause include National Adoption Association ($7.2m), Vine Maple Place ($7.2m) and North Central Planning and Development District Inc ($7.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 8.7% of the total. Other salaries and wages came to $2.2m. At year end it held assets of -$1.8m against liabilities of $776k, net assets of -$2.6m. It reported 98 employees.