Area Agency on Aging for North Florida Inc

Analysis

Area Agency on Aging for North Florida Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in May 1981, 45 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, Area Agency on Aging for North Florida Inc reported income of $11.9m and spending of $12.0m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.0m to $11.9m (+49%), 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 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Area Agency on Aging for North Florida Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Inclusiv Inc ($11.9m), Society for Handicapped Citizens of Medina County Inc ($11.9m) and Bulverde Spring Branch Emergency Services ($11.9m).

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 $207k (1.7% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $3.1m against liabilities of $1.5m, net assets of $1.6m. It reported 29 employees.