Council on Aging of Southwestern Ohio

Analysis

Council on Aging of Southwestern Ohio is a registered charity in United States, based in Blue Ash, OH. It received its IRS tax-exemption ruling in April 1972, 54 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 September 2023, Council on Aging of Southwestern Ohio reported income of $115.5m and spending of $110.3m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $80.1m to $115.5m (+44%), an average of +9.6% a year. The sharpest change came in the year to September 2023, when income rose by 21%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Council on Aging of Southwestern Ohio sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include Agespan Inc ($114.3m), Presbyterian Manors Inc ($115.9m) and Hospice of the Florida Suncoast Inc ($114.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 85% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $1.1m (1.0% of expenses). Other salaries and wages came to $22.1m. At year end it held assets of $28.7m against liabilities of $9.7m, net assets of $19.0m. It reported 442 employees.