Boone County Council on Aging

Analysis

Boone County Council on Aging is a registered charity in United States, based in Belvidere, IL. It received its IRS tax-exemption ruling in November 1977, 49 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, Boone County Council on Aging reported income of $1.7m and spending of $1.7m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.7m (+10%), an average of +2.5% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Boone County Council on Aging sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include Detroit Black Community Food Sovereignty Network ($1.7m), Union Gospel Mission of Missoula ($1.7m) and Odyssey Family Counseling Center Corporation ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $70k (4.2% of expenses). Other salaries and wages came to $983k. At year end it held assets of $1.9m against liabilities of $43k, net assets of $1.9m. It reported 55 employees.