Roane County Committee on Aging Inc

Analysis

Roane County Committee on Aging Inc is a registered charity in United States, based in Spencer, WV. It received its IRS tax-exemption ruling in July 1979, 47 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 September 2023, Roane County Committee on Aging Inc reported income of $1.1m and spending of $932k, spending 87% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $736k to $1.1m (+45%), an average of +9.7% a year. The sharpest change came in the year to September 2022, when income rose by 17%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Roane County Committee on Aging 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 78th percentile within WV. Charities of a similar size with the same main cause include Maps Counseling Services ($1.1m), Apc Ministries Inc ($1.1m) and West Side Montessori ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $49k (5.3% of expenses). Other salaries and wages came to $216k. At year end it held assets of $1.4m against liabilities of $161k, net assets of $1.3m. It reported 16 employees.