Otsego County Commission on Aging

Analysis

Otsego County Commission on Aging is a registered charity in United States, based in Gaylord, MI. It received its IRS tax-exemption ruling in April 1975, 51 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 2024, Otsego County Commission on Aging reported income of $2.2m and spending of $2.3m, spending 104% of its income. Across the 5 years on record, from September 2020 to September 2024, income grew from $2.0m to $2.2m (+10%), an average of +2.5% a year. The sharpest change came in the year to September 2021, when income rose by 23%. 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, Otsego County Commission on Aging sits at the 86th percentile: it is larger than about 86% 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 Council on Licensure Enforcement and Regulation Inc ($2.2m), Maine-Niles Association of Special Recreation ($2.2m) and World Foundation for Girl Guides and Girl Scouts Inc ($2.2m).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 86% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $93k (4.0% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $3.9m against liabilities of $2.6m, net assets of $1.3m. It reported 38 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.