Local Office on Aging Inc

Analysis

Local Office on Aging Inc is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in October 1973, 53 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, Local Office on Aging Inc reported income of $4.4m and spending of $3.8m, spending 86% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.0m to $4.4m (+46%), an average of +10% a year. The sharpest change came in the year to September 2020, when income rose by 30%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Local Office on Aging Inc 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 92nd percentile within VA. Charities of a similar size with the same main cause include Living Hungry Inc ($4.4m), Culpepper Garden III Inc ($4.4m) and After School Programs Inc ($4.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $256k (6.7% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $5.0m against liabilities of $635k, net assets of $4.4m. It reported 54 employees.