Bay Area Older Adults Inc

Analysis

Bay Area Older Adults Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in August 2009, 17 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 September 2023, Bay Area Older Adults Inc reported income of $204k and spending of $182k, spending 89% of its income. Across the 3 years on record, from September 2019 to September 2023, income grew from $149k to $204k (+36%), an average of +17% a year. The sharpest change came in the year to September 2022, when income rose by 68%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bay Area Older Adults Inc 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 54th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Helping Hands Chore Service Inc ($204k), Unbridled Change ($204k) and Southwest Aid Alliance ($204k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 63% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $60k (33% of expenses). At year end it held assets of $573k against liabilities of $359k, net assets of $214k. It reported 1 employees.