Oregon Association of Area Agencies on Aging Inc

Analysis

Oregon Association of Area Agencies on Aging Inc is a registered charity in United States, based in Albany, OR. It received its IRS tax-exemption ruling in July 1992, 34 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Oregon Association of Area Agencies on Aging Inc reported income of $625k and spending of $503k, spending 80% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $458k to $625k (+36%), an average of +8.1% a year. The sharpest change came in the year to June 2022, when income rose by 120%. Over the whole period it spent 68% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Oregon Association of Area Agencies on Aging Inc sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within OR. Charities of a similar size with the same main cause include Fort Hood Region Economic Development Foundation ($625k), Nonprofit Association of Westchester Inc ($625k) and West Texas Electrical Joint Apprenticeship and Training Trust ($625k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $80k (16% of expenses). At year end it held assets of $1.7m against liabilities of $222, net assets of $1.7m. It reported 1 employees.