Oklahoma Association of Area Agencies on Aging

Analysis

Oklahoma Association of Area Agencies on Aging is a registered charity in United States, based in Burns Flat, OK. It received its IRS tax-exemption ruling in July 1988, 38 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 December 2023, Oklahoma Association of Area Agencies on Aging reported income of $675k and spending of $671k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $704k to $675k (-4.0%), an average of -1.0% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oklahoma Association of Area Agencies on Aging sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within OK. Charities of a similar size with the same main cause include San Fernando Valley Japanese American Community Center ($675k), Christian Missionary Technical Services Inc ($675k) and Over-The-Rhine South Special Improvement District of Cincinnati ($675k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $200k against liabilities of $0, net assets of $200k.