Peninsula Agency on Aging Inc

Analysis

Peninsula Agency on Aging Inc is a registered charity in United States, based in Newport News, VA. It received its IRS tax-exemption ruling in August 1975, 51 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 September 2023, Peninsula Agency on Aging Inc reported income of $5.6m and spending of $5.7m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.7m to $5.6m (+52%), an average of +11% a year. The sharpest change came in the year to September 2021, when income rose by 23%. 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, Peninsula Agency on Aging Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within VA. Charities of a similar size with the same main cause include Crittenton Center ($5.6m), Jewel Human Services Inc ($5.6m) and St Vincent de Paul Society District Council of Green Bay ($5.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $341k (6.0% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $2.7m against liabilities of $2.0m, net assets of $761k. It reported 83 employees.