Montgomery County Office for the Aging Inc

Analysis

Montgomery County Office for the Aging Inc is a registered charity in United States, based in Amsterdam, NY. It received its IRS tax-exemption ruling in October 1996, 30 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 March 2024, Montgomery County Office for the Aging Inc reported income of $2.2m and spending of $2.1m, spending 98% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $2.0m to $2.2m (+7.2%), an average of +1.8% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Montgomery County Office for the Aging Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Seed Daycare ($2.2m), The Michaels Organization Educational Foundation ($2.2m) and The Georgia Coalition for the Peoples Agenda Inc ($2.2m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 99% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $79k (3.7% of expenses). Other salaries and wages came to $578k. At year end it held assets of $1.7m against liabilities of $512k, net assets of $1.2m. It reported 16 employees.