Area Agency on Aging of Northwest Arkansas

Analysis

Area Agency on Aging of Northwest Arkansas is a registered charity in United States, based in Harrison, AR. It received its IRS tax-exemption ruling in January 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 Northwest Arkansas reported income of $12.8m and spending of $14.1m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $13.8m to $12.8m (-7.5%), an average of -1.9% a year. 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, Area Agency on Aging of Northwest Arkansas sits at the 95th percentile: it is larger than about 95% 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 Behavioral Healthcare Services Inc ($12.8m), Region I Office of Human Development ($12.8m) and The Childrens Collective Inc ($12.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $120k (0.9% of expenses). Other salaries and wages came to $6.6m. At year end it held assets of $13.5m against liabilities of $1.3m, net assets of $12.2m. It reported 505 employees.