Central Arkansas Area Agency on Aging Inc

Analysis

Central Arkansas Area Agency on Aging Inc is a registered charity in United States, based in N Little Rock, AR. It received its IRS tax-exemption ruling in February 1980, 46 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 June 2023, Central Arkansas Area Agency on Aging Inc reported income of $15.7m and spending of $15.9m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.9m to $15.7m (+5.5%), an average of +1.4% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Central Arkansas Area Agency on Aging 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 AR. Charities of a similar size with the same main cause include Special Needs Network Inc ($15.7m), New England Villages Inc ($15.7m) and Center for Global Development ($15.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $448k (2.8% of expenses). Other salaries and wages came to $7.6m. It paid $106k in professional fundraising fees. At year end it held assets of $16.4m against liabilities of $1.3m, net assets of $15.1m. It reported 555 employees.