Western Reserve Area Agency on Aging Foundation

Analysis

Western Reserve Area Agency on Aging Foundation is a registered charity in United States, based in North Olmsted, OH. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Western Reserve Area Agency on Aging Foundation reported income of $91k and spending of $113k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $56k to $91k (+63%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 82%. Over the whole period it spent 156% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Western Reserve Area Agency on Aging Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 35th percentile within OH. Charities of a similar size with the same main cause include African Education Outreach Inc ($91k), Darien Lions Club Foundation ($91k) and Wisconsin Builders Foundation Inc ($91k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% of the total. Other salaries and wages came to $50k. At year end it held assets of $3.0m against liabilities of $2.0m, net assets of $970k. It reported 1 employees.