Hannibal Area Council of Aging

Analysis

Hannibal Area Council of Aging is a registered charity in United States, based in Hannibal, MO. It received its IRS tax-exemption ruling in December 1994, 32 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 June 2023, Hannibal Area Council of Aging reported income of $1.1m and spending of $1.4m, spending 123% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.2m to $1.1m (-6.0%), an average of -2.0% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hannibal Area Council of Aging sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within MO. Charities of a similar size with the same main cause include Nevada Homeless Alliance ($1.1m), Southeast Asian Community Center ($1.1m) and Hcso Benevolence Association ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Other salaries and wages came to $435k. At year end it held assets of $726k against liabilities of $50, net assets of $726k. It reported 40 employees.