Jefferson Area Board for Aging Inc

Analysis

Jefferson Area Board for Aging Inc is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in May 1986, 40 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, Jefferson Area Board for Aging Inc reported income of $2.2m and spending of $2.4m, spending 110% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.8m to $2.2m (-21%), an average of -5.8% a year. The sharpest change came in the year to September 2022, when income rose by 29%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Jefferson Area Board for Aging Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within VA. Charities of a similar size with the same main cause include Helping Hands Ministry of Belton Inc ($2.2m), Council of Family and Child Caring Agencies Inc ($2.2m) and Travelers Aid Society of Greater New Orleans ($2.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 41% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $104k (4.3% of expenses). Other salaries and wages came to $880k. At year end it held assets of $9.7m against liabilities of $190k, net assets of $9.5m. It reported 101 employees.