Midland Area Agency on Aging

Analysis

Midland Area Agency on Aging is a registered charity in United States, based in Hastings, NE. It received its IRS tax-exemption ruling in May 1989, 37 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, Midland Area Agency on Aging reported income of $4.5m and spending of $3.8m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $4.5m (+48%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 27%. 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, Midland Area Agency on Aging sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within NE. Charities of a similar size with the same main cause include Ronald McDonald House Central and Northern Arizona Inc ($4.5m), Castle Rock Community Inter Church Task Force ($4.5m) and YMCA of Dodge County Inc ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $79k (2.1% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $1.7m against liabilities of $423k, net assets of $1.3m. It reported 59 employees.