Barrington Area Council on Aging Inc

Analysis

Barrington Area Council on Aging Inc is a registered charity in United States, based in Barrington, IL. It received its IRS tax-exemption ruling in February 1985, 41 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 March 2023, Barrington Area Council on Aging Inc reported income of $684k and spending of $684k, spending 100% of its income. Across the 5 years on record, from March 2019 to March 2023, income fell from $745k to $684k (-8.2%), an average of -2.1% a year. The sharpest change came in the year to March 2020, when income dropped by 21%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Barrington Area Council on Aging Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include Satori Foundation ($683k), A Second Chance Resource Center Network United Inc ($684k) and Circles of Caring Adult Day Health Foundation Inc ($683k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 46% and program service revenue 7.5% of the total. Other salaries and wages came to $368k. At year end it held assets of $1.5m against liabilities of $55k, net assets of $1.4m. It reported 7 employees.