Minerva Area Commission on Aging Inc

Analysis

Minerva Area Commission on Aging Inc is a registered charity in United States, based in Minerva, OH. It received its IRS tax-exemption ruling in March 1982, 44 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 September 2024, Minerva Area Commission on Aging Inc reported income of $218k and spending of $190k, spending 87% of its income. Across the 5 years on record, from September 2020 to September 2024, income grew from $86k to $218k (+153%), an average of +26% a year. The sharpest change came in the year to September 2021, when income rose by 83%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Minerva Area Commission on Aging Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within OH. Charities of a similar size with the same main cause include Kettleman City Foundation ($218k), Daemion Counseling Center ($218k) and Willow Road Residents Association Inc ($218k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 11% and program service revenue 89% of the total. Other salaries and wages came to $69k. At year end it held assets of $119k against liabilities of $1,758, net assets of $118k. It reported 4 employees.