Shiawassee Council on Aging

Analysis

Shiawassee Council on Aging is a registered charity in United States, based in Owosso, MI. It received its IRS tax-exemption ruling in March 1978, 48 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 December 2023, Shiawassee Council on Aging reported income of $2.0m and spending of $1.8m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.0m (+29%), an average of +6.6% a year. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Shiawassee Council on Aging sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within MI. Charities of a similar size with the same main cause include National Association of Counsel for Children ($2.0m), Columbus Technical Institute Foundation Inc ($2.0m) and Boy Scouts of America ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $87k (4.8% of expenses). Other salaries and wages came to $748k. At year end it held assets of $2.0m against liabilities of $301k, net assets of $1.7m. It reported 51 employees.