Aging Resources of Central Ia

Analysis

Aging Resources of Central Ia is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in September 1982, 44 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, Aging Resources of Central Ia reported income of $6.1m and spending of $6.1m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.4m to $6.1m (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2020, when income rose by 19%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Aging Resources of Central Ia sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IA. Charities of a similar size with the same main cause include Child Care Coalition of the Niag Frontier Inc ($6.1m), Emerald Communities C O Aland Chambard ($6.1m) and Heritage Community of Kalamazoo ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $267k (4.4% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.1m against liabilities of $1.7m, net assets of $348k. It reported 26 employees.