Area Agency on Aging of West Centra Arkansas Inc

Analysis

Area Agency on Aging of West Centra Arkansas Inc is a registered charity in United States, based in Hot Springs, AR. It received its IRS tax-exemption ruling in March 1980, 46 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 June 2023, Area Agency on Aging of West Centra Arkansas Inc reported income of $11.0m and spending of $10.4m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.3m to $11.0m (+7.5%), an average of +1.8% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 99% 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 of West Centra Arkansas 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 95th percentile, and in the 95th percentile within AR. Charities of a similar size with the same main cause include America250 Org Inc ($11.0m), Lakes and Pines Community Action Council Inc ($11.0m) and Benedictine Living Community Owatonna ($11.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $95k (0.9% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $4.8m against liabilities of $729k, net assets of $4.1m. It reported 351 employees.