Catawba County Council on Aging Inc

Analysis

Catawba County Council on Aging Inc is a registered charity in United States, based in Hickory, NC. It received its IRS tax-exemption ruling in July 1976, 50 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 2024, Catawba County Council on Aging Inc reported income of $515k and spending of $216k, leaving 58% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $218k to $515k (+137%), an average of +24% a year. The sharpest change came in the year to June 2024, when income rose by 103%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Catawba County Council on Aging Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within NC. Charities of a similar size with the same main cause include Maranatha Manor Inc ($515k), River Communities Fiduciary Services Inc ($515k) and Agape Acers Inc ($515k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $68k (32% of expenses). Other salaries and wages came to $78k. At year end it held assets of $559k against liabilities of $0, net assets of $559k. It reported 4 employees.