National Council on Aging Inc

Analysis

National Council on Aging Inc is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in June 1961, 65 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, National Council on Aging Inc reported income of $69.4m and spending of $72.8m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $56.2m to $69.4m (+24%), an average of +5.4% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Council on Aging Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within VA. Charities of a similar size with the same main cause include Union Associated Physicians Clinic LLC ($69.1m), Capital Impact Partners ($69.4m) and Saint Dominics Family Services ($69.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $2.1m (2.9% of expenses). Other salaries and wages came to $8.6m. At year end it held assets of $23.8m against liabilities of $14.2m, net assets of $9.7m. It reported 765 employees.