Midland County Council on Aging

Analysis

Midland County Council on Aging is a registered charity in United States, based in Midland, MI. It received its IRS tax-exemption ruling in January 1966, 60 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, Midland County Council on Aging reported income of $5.9m and spending of $5.8m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.4m to $5.9m (+9.1%), an average of +2.2% a year. The sharpest change came in the year to September 2022, when income rose by 45%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Midland County Council on Aging sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MI. Charities of a similar size with the same main cause include Meals on Wheels of Metro Tulsa Inc ($5.9m), Russell Murray Hospice ($5.9m) and Palmer Home for Children ($5.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 81% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $217k (3.7% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $20.2m against liabilities of $257k, net assets of $19.9m. It reported 126 employees.