Areawide Aging Agency Inc

Analysis

Areawide Aging Agency Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in April 1974, 52 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, Areawide Aging Agency Inc reported income of $7.1m and spending of $7.1m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.7m to $7.1m (+25%), an average of +5.7% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Areawide Aging Agency Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within OK. Charities of a similar size with the same main cause include Rucon Inc ($7.1m), Island Grown Initiative Ltd ($7.1m) and Hospice Care Plus Inc ($7.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $171k (2.4% of expenses). Other salaries and wages came to $583k. At year end it held assets of $2.6m against liabilities of $986k, net assets of $1.6m. It reported 21 employees.