McCormick County Housing for Aging Inc

Analysis

McCormick County Housing for Aging Inc is a registered charity in United States, based in McCormick, SC. It received its IRS tax-exemption ruling in May 1974, 52 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 December 2023, McCormick County Housing for Aging Inc reported income of $775k and spending of $633k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $732k to $775k (+5.7%), an average of +1.4% a year. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, McCormick County Housing for Aging Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within SC. Charities of a similar size with the same main cause include Cor Swimming Association ($774k), Arttable Inc ($775k) and Jordan Evangelical Theological Seminary Inc ($774k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 18% of the total. At year end it held assets of $1.5m against liabilities of $585k, net assets of $880k.