Piedmont Agency on Aging Inc

Analysis

Piedmont Agency on Aging Inc is a registered charity in United States, based in Greenwood, SC. It received its IRS tax-exemption ruling in May 1971, 55 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 June 2024, Piedmont Agency on Aging Inc reported income of $2.4m and spending of $2.3m, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $2.8m to $2.4m (-16%), an average of -4.4% a year. The sharpest change came in the year to June 2024, when income dropped by 16%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Piedmont Agency on Aging Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within SC. Charities of a similar size with the same main cause include Golden Goose Thrift Shop ($2.4m), Helen R Tucker Adult Developmental Center Inc ($2.4m) and Food to Power ($2.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.0% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $81k (3.5% of expenses). Other salaries and wages came to $586k. At year end it held assets of $2.6m against liabilities of $97k, net assets of $2.5m. It reported 95 employees.