Coles County Council on Aging

Analysis

Coles County Council on Aging is a registered charity in United States, based in Charleston, IL. It received its IRS tax-exemption ruling in November 1976, 50 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 2024, Coles County Council on Aging reported income of $2.3m and spending of $2.7m, spending 117% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.8m to $2.3m (+29%), an average of +6.7% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Coles County Council on Aging 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 87th percentile within IL. Charities of a similar size with the same main cause include Restoring Hope Center Inc ($2.3m), My Choice Programs Inc ($2.3m) and Glassboro Child Development Centers ($2.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 87% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $71k (2.7% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $3.4m against liabilities of $286k, net assets of $3.1m. It reported 45 employees.