Iosco County Commission on Aging

Analysis

Iosco County Commission on Aging is a registered charity in United States, based in Hale, MI. It received its IRS tax-exemption ruling in March 1976, 50 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 September 2023, Iosco County Commission on Aging reported income of $1.2m and spending of $1.2m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $983k to $1.2m (+24%), an average of +5.6% a year. The sharpest change came in the year to September 2023, when income rose by 16%. 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, Iosco County Commission on Aging sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within MI. Charities of a similar size with the same main cause include United We Care Employee Relief Fund ($1.2m), Early Childhood Partners Inc ($1.2m) and Family Promise of Gainesville Florida Inc ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 87% and program service revenue 9.2% of the total. Other salaries and wages came to $565k. At year end it held assets of $1.2m against liabilities of $163k, net assets of $1.0m. It reported 30 employees.