Lake Country Area Agency on Aging Inc

Analysis

Lake Country Area Agency on Aging Inc is a registered charity in United States, based in South Hill, VA. It received its IRS tax-exemption ruling in December 1989, 37 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, Lake Country Area Agency on Aging Inc reported income of $3.6m and spending of $3.1m, spending 87% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.1m to $3.6m (+14%), an average of +3.4% a year. The sharpest change came in the year to September 2023, when income rose by 26%. 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, Lake Country Area Agency on Aging Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include Native American Community Services of Erie and Niagara Coun ($3.6m), Carlton Manor Inc ($3.6m) and Family Builders by Adoption ($3.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% and program service revenue 3.6% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $1.4m against liabilities of $276k, net assets of $1.1m. It reported 107 employees.