Indian Council of the Elderly Inc

Analysis

Indian Council of the Elderly Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in June 1983, 43 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Indian Council of the Elderly Inc reported income of $152k and spending of $159k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $203k to $152k (-25%), an average of -7.0% a year. The sharpest change came in the year to December 2022, when income rose by 61%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Indian Council of the Elderly Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within WI. Charities of a similar size with the same main cause include Dover Cooperative Outreach Council Inc ($152k), Mountain State Parents Children and Adolescent Network Incorporate ($152k) and Mountain Rescue Council ($152k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $16k (10.0% of expenses). Other salaries and wages came to $46k. At year end it held assets of $132k against liabilities of $16k, net assets of $116k. It reported 3 employees.