Madison County Senior Citizens Council on Aging

Analysis

Madison County Senior Citizens Council on Aging is a registered charity in United States, based in Fredericktown, MO. It received its IRS tax-exemption ruling in July 2023, 3 years ago. Its declared purposes cover food, agriculture and nutrition, 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 June 2023, Madison County Senior Citizens Council on Aging reported income of $293k and spending of $311k, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $333k to $293k (-12%), an average of -4.2% a year. The sharpest change came in the year to June 2021, when income dropped by 15%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Madison County Senior Citizens Council on Aging sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within MO. Charities of a similar size with the same main cause include Prospect Park Track Club Inc ($293k), Calahan Foundation NFP ($293k) and Hub City Senior Citizens Inc ($293k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 35% of the total. Other salaries and wages came to $144k. At year end it held assets of $43k against liabilities of $22k, net assets of $21k. It reported 5 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.