Alcona County Commission on Aging

Analysis

Alcona County Commission on Aging is a registered charity in United States, based in Lincoln, MI. It received its IRS tax-exemption ruling in May 1974, 52 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, Alcona County Commission on Aging reported income of $2.3m and spending of $1.4m, leaving 38% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $757k to $2.3m (+198%), an average of +31% a year. The sharpest change came in the year to September 2020, when income rose by 186%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Alcona County Commission on Aging sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Goodkids Village Inc ($2.3m), Allaire Comm Farm a NJ Nonprofit Corporation ($2.3m) and Delivering Dreams of Arizona ($2.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 82% and program service revenue 6.1% of the total. Compensation of current officers, directors and key employees was $53k (3.8% of expenses). Other salaries and wages came to $497k. At year end it held assets of $8.1m against liabilities of $5.9m, net assets of $2.2m. It reported 55 employees.