Rappahannock Area Agency on Aging Inc

Analysis

Rappahannock Area Agency on Aging Inc is a registered charity in United States, based in Fredericksbrg, VA. It received its IRS tax-exemption ruling in December 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, Rappahannock Area Agency on Aging Inc reported income of $2.2m and spending of $2.2m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.1m to $2.2m (+6.6%), an average of +1.6% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rappahannock Area Agency on 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 Rocky Mountain Kids Inc ($2.2m), Russell Wilson Foundation ($2.2m) and Food Connects ($2.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $114k (5.2% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.9m against liabilities of $1.6m, net assets of $320k. It reported 67 employees.