Putnam County Council on Aging Inc

Analysis

Putnam County Council on Aging Inc is a registered charity in United States, based in Ottawa, OH. It received its IRS tax-exemption ruling in October 1978, 48 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, Putnam County Council on Aging Inc reported income of $954k and spending of $817k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $619k to $954k (+54%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Putnam County Council on Aging Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within OH. Charities of a similar size with the same main cause include Marseilles Area Ambulance Serv Inc ($954k), Dunbar Improvement Association Inc ($954k) and Hope Recovery Community Inc ($954k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $116k (14% of expenses). Other salaries and wages came to $372k. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m. It reported 33 employees.