Virginia Association of Area Agencies on Aging

Analysis

Virginia Association of Area Agencies on Aging is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in February 1987, 39 years ago. 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, Virginia Association of Area Agencies on Aging reported income of $783k and spending of $762k, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $482k to $783k (+63%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 87%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Virginia Association of Area Agencies on Aging sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within VA. Charities of a similar size with the same main cause include Assumption Foundation for K-12 Schools ($783k), Habitat for Humanity International Inc ($783k) and St Johns Housing Corporation ($783k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% and program service revenue 8.2% of the total. Other salaries and wages came to $156k. At year end it held assets of $369k against liabilities of $216k, net assets of $153k. It reported 2 employees.