Koochiching Aging Options

Analysis

Koochiching Aging Options is a registered charity in United States, based in Intl Falls, MN. It received its IRS tax-exemption ruling in May 2009, 17 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 December 2023, Koochiching Aging Options reported income of $169k and spending of $172k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $159k to $169k (+6.2%), an average of +1.5% a year. The sharpest change came in the year to December 2021, when income rose by 111%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Koochiching Aging Options sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within MN. Charities of a similar size with the same main cause include Aces Coalition of WV Inc ($169k), Payee Plus ($169k) and Graceful Acres ($169k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $64k (37% of expenses). Other salaries and wages came to $71k. At year end it held assets of $222k against liabilities of $8,465, net assets of $214k. It reported 3 employees.