Holmes County Council on Aging Inc

Analysis

Holmes County Council on Aging Inc is a registered charity in United States, based in Millersburg, OH. It received its IRS tax-exemption ruling in August 1980, 46 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 December 2023, Holmes County Council on Aging Inc reported income of $403k and spending of $410k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $303k to $403k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Holmes County Council on Aging Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within OH. Charities of a similar size with the same main cause include Florida Outreach Center for the Blind Inc ($403k), Impacttek ($403k) and Destiny Christian Church ($403k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $60k (15% of expenses). Other salaries and wages came to $96k. At year end it held assets of $980k against liabilities of $6,609, net assets of $973k. It reported 11 employees.