Elderbridge Agency on Aging

Analysis

Elderbridge Agency on Aging is a registered charity in United States, based in Mason City, IA. It received its IRS tax-exemption ruling in June 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 June 2023, Elderbridge Agency on Aging reported income of $7.5m and spending of $7.6m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.8m to $7.5m (+28%), an average of +6.4% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Elderbridge Agency on Aging 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 Take Charge America Inc ($7.5m), Broome County Council of Churches Inc ($7.5m) and Resource for Education Advocacy Communication and Housing ($7.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $189k (2.5% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $3.9m against liabilities of $637k, net assets of $3.3m. It reported 30 employees.