The Council on Aging of Martin County Inc

Analysis

The Council on Aging of Martin County Inc is a registered charity in United States, based in Stuart, FL. It received its IRS tax-exemption ruling in January 1975, 51 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 2023, The Council on Aging of Martin County Inc reported income of $6.1m and spending of $6.5m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.6m to $6.1m (-6.8%), an average of -1.8% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Council on Aging of Martin County Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include New City Library ($6.1m), Municipal Research and Services Center of Washington ($6.1m) and Girl Scouts of Central California South ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $272k (4.2% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $13.6m against liabilities of $1.6m, net assets of $12.0m. It reported 83 employees.