The Capital Area Agency on Aging

Analysis

The Capital Area Agency on Aging is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in June 1974, 52 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, The Capital Area Agency on Aging reported income of $10.7m and spending of $10.1m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $6.9m to $10.7m (+56%), an average of +12% a year. The sharpest change came in the year to September 2023, when income rose by 23%. 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, The Capital Area Agency on Aging sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include Heart Ministry Center Inc ($10.7m), Orchard Village ($10.7m) and Lund Family Center Inc ($10.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $183k (1.8% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $7.2m against liabilities of $3.4m, net assets of $3.8m. It reported 158 employees.