Preble County Council on Aging Inc

Analysis

Preble County Council on Aging Inc is a registered charity in United States, based in Eaton, OH. It received its IRS tax-exemption ruling in October 1973, 53 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, Preble County Council on Aging Inc reported income of $3.7m and spending of $2.2m, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $3.7m (+152%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Preble County Council on Aging Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within OH. Charities of a similar size with the same main cause include Second Start ($3.7m), United Methodist Youth Home Inc ($3.8m) and Affordable Housing Corporation of Lake County ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $81k (3.7% of expenses). Other salaries and wages came to $965k. At year end it held assets of $6.3m against liabilities of $1.3m, net assets of $5.0m. It reported 59 employees.