Area 10 Council on Aging

Analysis

Area 10 Council on Aging is a registered charity in United States, based in Ellettsville, IN. It received its IRS tax-exemption ruling in September 1981, 45 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 June 2023, Area 10 Council on Aging reported income of $5.5m and spending of $5.1m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.1m to $5.5m (+33%), an average of +7.5% a year. The sharpest change came in the year to June 2020, when income rose by 17%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Area 10 Council on Aging sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within IN. Charities of a similar size with the same main cause include Johnny Mac Soldiers Fund Inc ($5.5m), Rudolf Steiner Fellowship Foundation Inc ($5.5m) and Lunch Break ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $102k (2.0% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $6.7m against liabilities of $640k, net assets of $6.0m. It reported 78 employees.