Catawba Area Agency on Aging

Analysis

Catawba Area Agency on Aging is a registered charity in United States, based in Rock Hill, SC. It received its IRS tax-exemption ruling in December 1992, 34 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 2023, Catawba Area Agency on Aging reported income of $4.9m and spending of $4.9m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.7m to $4.9m (+4.4%), an average of +1.5% a year. The sharpest change came in the year to June 2023, when income rose by 29%. 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, Catawba Area Agency on Aging sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within SC. Charities of a similar size with the same main cause include Day by Day Warming Shelter Inc ($4.9m), Crosby Commons Inc ($4.9m) and Northwest Resource Associates ($4.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $100k (2.0% of expenses). Other salaries and wages came to $674k. At year end it held assets of $493k against liabilities of $266k, net assets of $227k. It reported 21 employees.