Texas Association of Area Agencies on Aging

Analysis

Texas Association of Area Agencies on Aging is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in June 1982, 44 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 September 2023, Texas Association of Area Agencies on Aging reported income of $173k and spending of $306k, spending 176% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income fell from $355k to $173k (-51%), an average of -51% a year. The sharpest change came in the year to September 2023, when income dropped by 51%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Texas Association of Area Agencies on Aging sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include Scenic Texas Inc ($173k), New Hope Historical Society ($174k) and Friends of the Largo Library Inc ($173k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. At year end it held assets of $265k against liabilities of $0, net assets of $265k.