Area Agency on Aging of Palm Beach- Treasure Coast Inc

Analysis

Area Agency on Aging of Palm Beach- Treasure Coast Inc is a registered charity in United States, based in West Palm Beach, FL. It received its IRS tax-exemption ruling in February 1990, 36 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, Area Agency on Aging of Palm Beach- Treasure Coast Inc reported income of $38.1m and spending of $37.0m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $25.3m to $38.1m (+50%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 19%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Area Agency on Aging of Palm Beach- Treasure Coast 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 Generational Care ($38.0m), Sacramento Steps Forward ($38.1m) and Willamette View Manor Inc ($38.0m).

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 $303k (0.8% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $12.0m against liabilities of $8.0m, net assets of $3.9m. It reported 82 employees.