Van Wert County Council on Aging

Analysis

Van Wert County Council on Aging is a registered charity in United States, based in Van Wert, OH. It received its IRS tax-exemption ruling in October 1975, 51 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, Van Wert County Council on Aging reported income of $643k and spending of $415k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $408k to $643k (+57%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Van Wert County Council on Aging sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within OH. Charities of a similar size with the same main cause include Childrens Orchestra Society Inc ($643k), Brave New Films 501 C 3 ($643k) and Wyoming Heritage Foundation ($643k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $82k (20% of expenses). Other salaries and wages came to $137k. At year end it held assets of $2.2m against liabilities of $74k, net assets of $2.1m. It reported 12 employees.