Wood County Committee on Aging

Analysis

Wood County Committee on Aging is a registered charity in United States, based in Bowling Green, OH. It received its IRS tax-exemption ruling in August 1976, 50 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, Wood County Committee on Aging reported income of $4.5m and spending of $4.2m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.7m to $4.5m (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2020, when income rose by 38%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wood County Committee 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 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include Frank P Doyle Trust Article IX ($4.5m), Kaleo Foundation ($4.5m) and UJA Federation of Greenwich Inc ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $196k (4.7% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $14.6m against liabilities of $4.8m, net assets of $9.8m. It reported 48 employees.