Martin County Council on Aging Inc

Analysis

Martin County Council on Aging Inc is a registered charity in United States, based in Shoals, IN. It received its IRS tax-exemption ruling in October 1975, 51 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, Martin County Council on Aging Inc reported income of $597k and spending of $401k, leaving 33% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $348k to $597k (+72%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Martin County Council on Aging Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within IN. Charities of a similar size with the same main cause include Psychoanalytic Center of the Carolinas Inc ($597k), Homeland Heroes Foundation ($598k) and Camera Club of New York Inc ($597k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $286k. At year end it held assets of $441k against liabilities of $4,151, net assets of $437k. It reported 27 employees.