Area Agency on Aging of Northwest Arkansas Foundation

Analysis

Area Agency on Aging of Northwest Arkansas Foundation is a registered charity in United States, based in Harrison, AR. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation 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 Foundation reported income of $121k and spending of $67k, leaving 45% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $51k to $121k (+140%), an average of +24% a year. The sharpest change came in the year to June 2020, when income rose by 732%. Over the whole period it spent 111% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Area Agency on Aging of Northwest Arkansas Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within AR. Charities of a similar size with the same main cause include Cry4humanity Inc ($121k), Westminster Support Foundation Inc ($121k) and Amherst Community Foundation ($121k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% of the total. At year end it held assets of $1.5m against liabilities of $1,467, net assets of $1.5m.