Central Minnesota Council on Aging Inc

Analysis

Central Minnesota Council on Aging Inc is a registered charity in United States, based in Saint Cloud, MN. 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 December 2023, Central Minnesota Council on Aging Inc reported income of $7.0m and spending of $7.0m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.4m to $7.0m (+9.1%), an average of +2.2% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Central Minnesota Council on Aging Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include Connected DMV ($7.0m), Pennsylvania Association for Sustainable Agriculture ($7.0m) and Youth Services Network Inc ($7.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $305k (4.4% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $1.8m against liabilities of $1.4m, net assets of $353k. It reported 39 employees.