Somerset County Commission on Aging Inc

Analysis

Somerset County Commission on Aging Inc is a registered charity in United States, based in Westover, MD. It received its IRS tax-exemption ruling in September 1980, 46 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, Somerset County Commission on Aging Inc reported income of $798k and spending of $686k, spending 86% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $761k to $798k (+4.8%), an average of +1.6% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Somerset County Commission on Aging Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MD. Charities of a similar size with the same main cause include The Parc ($798k), Feed the Mass ($798k) and Progress Unity Fund ($798k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $79k (12% of expenses). Other salaries and wages came to $160k. At year end it held assets of $822k against liabilities of $34k, net assets of $787k. It reported 15 employees.