Council on Aging Inc Serving St Clair County

Analysis

Council on Aging Inc Serving St Clair County is a registered charity in United States, based in Port Huron, MI. It received its IRS tax-exemption ruling in March 1970, 56 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 September 2023, Council on Aging Inc Serving St Clair County reported income of $8.4m and spending of $7.7m, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $7.2m to $8.4m (+17%), an average of +4.0% a year. The sharpest change came in the year to September 2023, when income rose by 24%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Council on Aging Inc Serving St Clair County sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Community Action Stops Abuse Inc ($8.4m), Charleston Collegiate School ($8.4m) and Inspirica Inc ($8.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 91% and program service revenue 7.4% of the total. Compensation of current officers, directors and key employees was $150k (2.0% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $9.0m against liabilities of $609k, net assets of $8.3m. It reported 116 employees.