Woodstock Area Council on Aging

Analysis

Woodstock Area Council on Aging is a registered charity in United States, based in Woodstock, VT. It received its IRS tax-exemption ruling in May 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 September 2023, Woodstock Area Council on Aging reported income of $955k and spending of $760k, leaving 20% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $657k to $955k (+45%), an average of +9.8% a year. The sharpest change came in the year to September 2022, when income rose by 89%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Woodstock Area Council on Aging sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 76th percentile within VT. Charities of a similar size with the same main cause include Kiddie Garden Daycare & Preschool Inc ($955k), Novato Enrichment Care ($956k) and Denton City-County Day School Inc ($955k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 66% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $89k (12% of expenses). Other salaries and wages came to $271k. At year end it held assets of $3.1m against liabilities of $85k, net assets of $3.1m. It reported 26 employees.