Oceana County Council on Aging

Analysis

Oceana County Council on Aging is a registered charity in United States, based in Hart, MI. It received its IRS tax-exemption ruling in August 1972, 54 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Oceana County Council on Aging reported income of $2.1m and spending of $1.9m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.1m (+15%), an average of +3.5% a year. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Oceana County Council on Aging sits at the 83rd percentile: it is larger than about 83% 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 Hope Womens Center Inc ($2.1m), Colorado Valley Transit Inc ($2.1m) and Seven Acres Foundation ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% of the total. Compensation of current officers, directors and key employees was $1.0m (55% of expenses). At year end it held assets of $2.3m against liabilities of $126k, net assets of $2.2m. It reported 44 employees.