Area Agency on Aging Region One Incorporated

Analysis

Area Agency on Aging Region One Incorporated is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in August 1985, 41 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, Area Agency on Aging Region One Incorporated reported income of $43.4m and spending of $42.1m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $32.5m to $43.4m (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2022, 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 Region One Incorporated sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within AZ. Charities of a similar size with the same main cause include Beth Sholom Home of Eastern Virginia ($43.4m), Church Home of Hartford ($43.4m) and Self Help Inc ($43.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $308k (0.7% of expenses). Other salaries and wages came to $9.1m. At year end it held assets of $25.5m against liabilities of $8.3m, net assets of $17.2m. It reported 167 employees.