Montgomery County Council on Aging Inc

Analysis

Montgomery County Council on Aging Inc is a registered charity in United States, based in Troy, NC. It received its IRS tax-exemption ruling in September 1984, 42 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 2024, Montgomery County Council on Aging Inc reported income of $85k and spending of $70k, spending 82% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $269k to $85k (-68%), an average of -21% a year. The sharpest change came in the year to June 2021, when income rose by 1400%. Over the whole period it spent 116% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Montgomery County Council on Aging Inc sits at the 29th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 30th percentile within NC. Charities of a similar size with the same main cause include Voices of Victims ($85k), Village Home Services ($85k) and Shoulder to Shoulder ($85k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. At year end it held assets of $99k against liabilities of $0, net assets of $99k.