Mid-Florida Area Agency on Aging Inc

Analysis

Mid-Florida Area Agency on Aging Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in August 1979, 47 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, Mid-Florida Area Agency on Aging Inc reported income of $34.2m and spending of $33.7m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $21.6m to $34.2m (+58%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 26%. 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, Mid-Florida Area Agency on Aging Inc sits at the 99th percentile: it is larger than about 99% 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 Amateur Athletic Union of the US Inc ($34.2m), Childrens Sport Medicine Foundation Inc ($34.2m) and Northwest Arkansas Food Bank ($34.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $318k (0.9% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $11.4m against liabilities of $5.6m, net assets of $5.8m. It reported 88 employees.