Appalachian Area Agency on Aging Inc

Analysis

Appalachian Area Agency on Aging Inc is a registered charity in United States, based in Princeton, WV. It received its IRS tax-exemption ruling in May 1993, 33 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, Appalachian Area Agency on Aging Inc reported income of $9.1m and spending of $9.0m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $6.9m to $9.1m (+32%), an average of +7.1% a year. The sharpest change came in the year to September 2021, when income rose by 34%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Appalachian Area Agency on Aging Inc sits at the 94th 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 94th percentile within WV. Charities of a similar size with the same main cause include Whatcom Family Young Mens Christian Association ($9.1m), Stavros Center for Independent Living Inc ($9.1m) and League on Social Services Inc Family Day Care Program ($9.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $162k (1.8% of expenses). Other salaries and wages came to $84k. At year end it held assets of $999k against liabilities of $921k, net assets of $78k. It reported 5 employees.