Council on Aging Inc

Analysis

Council on Aging Inc is a registered charity in United States, based in Mullens, WV. It received its IRS tax-exemption ruling in July 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 September 2023, Council on Aging Inc reported income of $7.0m and spending of $6.0m, spending 87% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.7m to $7.0m (+49%), an average of +10% a year. The sharpest change came in the year to September 2021, when income rose by 33%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Council on Aging Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within WV. Charities of a similar size with the same main cause include Safe Alliance Inc ($7.0m), United Community Builders Community Development Corporation ($7.0m) and Healthy Communities Coalition of Lyon and Storey Counties ($7.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $152k (2.5% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $7.4m against liabilities of $1.8m, net assets of $5.6m. It reported 310 employees.