Madison County Office for the Aging Inc

Analysis

Madison County Office for the Aging Inc is a registered charity in United States, based in Canastota, NY. It received its IRS tax-exemption ruling in August 1993, 33 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 2023, Madison County Office for the Aging Inc reported income of $2.2m and spending of $2.1m, spending 94% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $1.8m to $2.2m (+23%), an average of +7.2% a year. 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, Madison 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 84th percentile within NY. Charities of a similar size with the same main cause include Esperance Center ($2.2m), Druid Hills Child Development Center Inc ($2.2m) and Haven of Lake and Sumter Counties Inc ($2.2m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 93% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $70k (3.3% of expenses). Other salaries and wages came to $817k. At year end it held assets of $3.1m against liabilities of $813k, net assets of $2.2m. It reported 46 employees.