Areawide Council on Aging of Broward County Inc

Analysis

Areawide Council on Aging of Broward County Inc is a registered charity in United States, based in Sunrise, FL. It received its IRS tax-exemption ruling in March 1975, 51 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 December 2023, Areawide Council on Aging of Broward County Inc reported income of $35.9m and spending of $33.8m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $24.7m to $35.9m (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Areawide Council on Aging of Broward County Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Area Agency on Aging of Pasco-Pinellas Inc ($35.9m), Edinburg Center Inc ($36.0m) and Pennswood Village ($35.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $193k (0.6% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $28.6m against liabilities of $6.1m, net assets of $22.5m. It reported 96 employees.