Council on Aging of Elkhart County Inc

Analysis

Council on Aging of Elkhart County Inc is a registered charity in United States, based in Elkhart, IN. It received its IRS tax-exemption ruling in February 1976, 50 years ago. 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 2024, Council on Aging of Elkhart County Inc reported income of $1.1m and spending of $951k, spending 90% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $593k to $1.1m (+79%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Council on Aging of Elkhart County Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within IN. Charities of a similar size with the same main cause include St Louis Childrens Choirs ($1.1m), Guidance Carolina ($1.1m) and Santa Cruz Lesbian and Gay Community Center ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 56% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $186k (20% of expenses). Other salaries and wages came to $424k. At year end it held assets of $874k against liabilities of $181k, net assets of $693k. It reported 42 employees.