Southern Area Agency on Aging Inc

Analysis

Southern Area Agency on Aging Inc is a registered charity in United States, based in Martinsville, VA. It received its IRS tax-exemption ruling in November 1976, 50 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, Southern Area Agency on Aging Inc reported income of $5.2m and spending of $5.4m, spending 105% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.4m to $5.2m (+17%), an average of +4.0% a year. The sharpest change came in the year to September 2021, when income rose by 22%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Southern Area 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 92nd percentile, and in the 93rd percentile within VA. Charities of a similar size with the same main cause include Developmental Preschool and Day Care Center ($5.2m), Restore NYC Inc ($5.2m) and BTG Community Outreach Inc ($5.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $841k against liabilities of $412k, net assets of $428k. It reported 42 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.