McDowell County Commission on Aging Inc

Analysis

McDowell County Commission on Aging Inc is a registered charity in United States, based in Welch, WV. It received its IRS tax-exemption ruling in September 1996, 30 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, McDowell County Commission on Aging Inc reported income of $3.1m and spending of $2.9m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.6m to $3.1m (+91%), an average of +18% a year. The sharpest change came in the year to September 2021, when income rose by 46%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, McDowell County Commission on Aging Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within WV. Charities of a similar size with the same main cause include Smart From the Start Inc ($3.1m), Show-Me Christian Youth Home ($3.1m) and Win Family Services Inc ($3.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 67% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $136k (4.6% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $2.4m against liabilities of $131k, net assets of $2.3m.