Wallingford Committee on Aging Inc

Analysis

Wallingford Committee on Aging Inc is a registered charity in United States, based in Wallingford, CT. It received its IRS tax-exemption ruling in November 1992, 34 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 June 2024, Wallingford Committee on Aging Inc reported income of $1.4m and spending of $1.5m, spending 106% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.2m to $1.4m (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wallingford Committee on Aging Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within CT. Charities of a similar size with the same main cause include CMB Visions Unlimited Inc ($1.4m), Fairfield County Agricultural Society ($1.4m) and Jodie Partridge Center ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 67% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $149k (10% of expenses). Other salaries and wages came to $575k. At year end it held assets of $1.3m against liabilities of $89k, net assets of $1.2m. It reported 32 employees.