Putnam County Aging Program Inc

Analysis

Putnam County Aging Program Inc is a registered charity in United States, based in Saint Albans, WV. It received its IRS tax-exemption ruling in March 1986, 40 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 September 2023, Putnam County Aging Program Inc reported income of $8.6m and spending of $8.1m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $7.9m to $8.6m (+8.8%), an average of +2.1% a year. 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, Putnam County Aging Program Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within WV. Charities of a similar size with the same main cause include Valerie Fund ($8.6m), Industrial Council of Nearwest Chicago ($8.6m) and Cave City Nursing Home Inc ($8.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 25% and program service revenue 73% of the total. Other salaries and wages came to $3.0m. At year end it held assets of $9.9m against liabilities of $456k, net assets of $9.4m. It reported 245 employees.