Northeast Florida Area Agency on Aging Inc

Analysis

Northeast Florida Area Agency on Aging Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in December 1976, 50 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 December 2023, Northeast Florida Area Agency on Aging Inc reported income of $32.2m and spending of $31.2m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $21.3m to $32.2m (+51%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 28%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northeast Florida Area Agency on Aging Inc sits at the 99th 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 CHMC Cardiovascular Surgical Foundation Incorporated ($32.2m), Bentley School ($32.2m) and Emmaus Homes Inc ($32.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $167k (0.5% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $10.1m against liabilities of $7.3m, net assets of $2.8m. It reported 92 employees.