Cicoa Aging & in Home Solutions Inc

Analysis

Cicoa Aging & in Home Solutions Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in April 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 June 2023, Cicoa Aging & in Home Solutions Inc reported income of $37.3m and spending of $39.4m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $25.7m to $37.3m (+45%), an average of +9.8% a year. The sharpest change came in the year to June 2020, when income rose by 23%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cicoa Aging & in Home Solutions Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IN. Charities of a similar size with the same main cause include Springboard Collaborative ($37.3m), Buckner International ($37.3m) and Casa Pacifica Centers for Children and Families ($37.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $997k (2.5% of expenses). Other salaries and wages came to $17.9m. At year end it held assets of $14.5m against liabilities of $3.4m, net assets of $11.1m. It reported 492 employees.