Gibson County Council on the Aging Inc

Analysis

Gibson County Council on the Aging Inc is a registered charity in United States, based in Princeton, IN. It received its IRS tax-exemption ruling in December 1977, 49 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, Gibson County Council on the Aging Inc reported income of $218k and spending of $273k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $240k to $218k (-9.1%), an average of -2.4% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gibson County Council on the Aging Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within IN. Charities of a similar size with the same main cause include Kesher Inc ($218k), Chiropractic Biophysics Non Profit Inc ($218k) and Farragut Dugout Club Inc ($218k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 11% of the total. Other salaries and wages came to $141k. At year end it held assets of $236k against liabilities of $4,291, net assets of $232k.