Area Agency on Aging of Southeast Arkansas Inc

Analysis

Area Agency on Aging of Southeast Arkansas Inc is a registered charity in United States, based in Pine Bluff, AR. It received its IRS tax-exemption ruling in June 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, Area Agency on Aging of Southeast Arkansas Inc reported income of $22.8m and spending of $21.0m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.6m to $22.8m (+47%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 91% 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 Southeast Arkansas Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within AR. Charities of a similar size with the same main cause include The Young Mens Christian Association of the Jersey Shore in ($22.8m), Feeding Illinois ($22.9m) and Glacier Hills Inc ($22.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $260k (1.2% of expenses). Other salaries and wages came to $9.7m. At year end it held assets of $14.9m against liabilities of $1.4m, net assets of $13.5m. It reported 441 employees.