Newberry County Council on Aging

Analysis

Newberry County Council on Aging is a registered charity in United States, based in Newberry, SC. It received its IRS tax-exemption ruling in September 1970, 56 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 2023, Newberry County Council on Aging reported income of $2.3m and spending of $2.5m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.7m to $2.3m (-38%), an average of -11% a year. The sharpest change came in the year to June 2020, when income dropped by 32%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Newberry County Council on Aging sits at the 85th 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 90th percentile within SC. Charities of a similar size with the same main cause include Georgia Resources for Children Inc ($2.3m), Catalyst Domestic Violence Services ($2.3m) and Family Promise of Hawaii ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $74k (3.0% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $3.0m against liabilities of $102k, net assets of $2.9m. It reported 65 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.