Area Agency on Aging of Western Arkansas Inc

Analysis

Area Agency on Aging of Western Arkansas Inc is a registered charity in United States, based in Fort Smith, AR. It received its IRS tax-exemption ruling in May 1979, 47 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 Western Arkansas Inc reported income of $10.5m and spending of $10.5m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $14.0m to $10.5m (-25%), an average of -7.0% a year. The sharpest change came in the year to December 2020, when income rose by 25%. 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 Western Arkansas Inc sits at the 94th percentile: it is larger than about 94% 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 Life Center Incorporated ($10.5m), Public Action to Deliver Shelter Inc ($10.5m) and Food Bank Coalition of San Luis Obispo County ($10.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $167k (1.6% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $10.4m against liabilities of $1.7m, net assets of $8.6m. It reported 192 employees.