Area Agency on Aging for Southwest Florida Inc

Analysis

Area Agency on Aging for Southwest Florida Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in January 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 2022, Area Agency on Aging for Southwest Florida Inc reported income of $23.6m and spending of $23.2m, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $20.2m to $23.6m (+17%), an average of +5.4% a year. Over the whole period it spent 97% 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 Southwest Florida 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 97th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Unc Management Company Inc ($23.6m), Fielding Graduate University ($23.7m) and The Arc Eastern Connecticut Inc ($23.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $212k (0.9% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $10.5m against liabilities of $6.4m, net assets of $4.0m. It reported 57 employees.