Spencer County Council on Aging Inc

Analysis

Spencer County Council on Aging Inc is a registered charity in United States, based in Rockport, IN. It received its IRS tax-exemption ruling in April 1977, 49 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Spencer County Council on Aging Inc reported income of $264k and spending of $258k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $319k to $264k (-17%), an average of -4.6% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Spencer County Council on Aging Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within IN. Charities of a similar size with the same main cause include Otter Cove Childrens Museum LLC ($264k), Muhlenberg Community Library Assn ($264k) and Childrens Therapy & Early Education School Inc ($264k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $34k (13% of expenses). Other salaries and wages came to $103k. At year end it held assets of $336k against liabilities of $2,111, net assets of $334k. It reported 15 employees.