The Council on Aging of Buncombe County Inc

Analysis

The Council on Aging of Buncombe County Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in September 1974, 52 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, The Council on Aging of Buncombe County Inc reported income of $2.3m and spending of $2.5m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $2.3m (+108%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 44%. 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, The Council on Aging of Buncombe County 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 88th percentile within NC. Charities of a similar size with the same main cause include Stark County Hunger Task Force Inc ($2.3m), Greater Spokane County Meals on Wheels ($2.3m) and Young Womens Christian Association of Queens ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 6.7% of the total. Compensation of current officers, directors and key employees was $90k (3.6% of expenses). Other salaries and wages came to $893k. At year end it held assets of $506k against liabilities of $207k, net assets of $299k. It reported 39 employees.