Southeastern Association of Area Agencies on Aging

Analysis

Southeastern Association of Area Agencies on Aging is a registered charity in United States, based in Hickory, NC. It received its IRS tax-exemption ruling in March 1982, 44 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2024, Southeastern Association of Area Agencies on Aging reported income of $163k and spending of $94k, leaving 43% of income unspent that year. Across the 6 years on record, from September 2019 to September 2024, income fell from $170k to $163k (-4.0%), an average of -0.8% a year. The sharpest change came in the year to September 2023, when income rose by 299%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southeastern Association of Area Agencies on Aging sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NC. Charities of a similar size with the same main cause include Battle Scarred Motorsports ($163k), Autonomedia Inc ($163k) and National Ambucs Inc ($163k).

On its Form 990-EZ for the period ending September 2024, revenue came from contributions and grants 21% and program service revenue 67% of the total. At year end it held assets of $385k against liabilities of $0, net assets of $385k.