Posey County Council on Aging Inc

Analysis

Posey County Council on Aging Inc is a registered charity in United States, based in Mount Vernon, IN. It received its IRS tax-exemption ruling in March 1978, 48 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, Posey County Council on Aging Inc reported income of $419k and spending of $371k, spending 89% of its income. Across the 3 years on record, from June 2020 to June 2023, income grew from $382k to $419k (+9.6%), an average of +4.7% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Posey County Council on Aging Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within IN. Charities of a similar size with the same main cause include Soup Kitchen in Provincetown Inc ($418k), Montana Council on Developmental Disabilities ($419k) and Working Wonders ($418k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $165k (45% of expenses). At year end it held assets of $605k against liabilities of -$950, net assets of $606k. It reported 21 employees.