Fayette Community Council on Aging and Aged Inc

Analysis

Fayette Community Council on Aging and Aged Inc is a registered charity in United States, based in Connersville, IN. It received its IRS tax-exemption ruling in June 1974, 52 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, Fayette Community Council on Aging and Aged Inc reported income of $864k and spending of $673k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $569k to $864k (+52%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fayette Community Council on Aging and Aged Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within IN. Charities of a similar size with the same main cause include TLC Health & Wellness ($864k), Organic Association of Kentucky ($864k) and Band of Parents Inc ($864k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $32k (4.8% of expenses). Other salaries and wages came to $297k. At year end it held assets of $1.1m against liabilities of $58, net assets of $1.1m. It reported 22 employees.