Meigs County Council on Aging Inc

Analysis

Meigs County Council on Aging Inc is a registered charity in United States, based in Middleport, OH. It received its IRS tax-exemption ruling in July 1983, 43 years ago. 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, Meigs County Council on Aging Inc reported income of $2.2m and spending of $1.4m, leaving 36% of income unspent that year. Across the 5 years on record, from December 2018 to December 2023, income grew from $1.1m to $2.2m (+111%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 43%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Meigs County Council on Aging Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within OH. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($2.2m), Mission Capital ($2.2m) and Lakeview Christian Academy Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $109k (7.7% of expenses). Other salaries and wages came to $450k. At year end it held assets of $3.7m against liabilities of $1.1m, net assets of $2.5m. It reported 26 employees.