Alleghany County Council on Aging Inc

Analysis

Alleghany County Council on Aging Inc is a registered charity in United States, based in Sparta, NC. It received its IRS tax-exemption ruling in June 1994, 32 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, Alleghany County Council on Aging Inc reported income of $436k and spending of $392k, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $355k to $436k (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2021, when income rose by 15%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Alleghany County Council on Aging Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include Life Expanding Adventure Program ($436k), Friends of the Retired and Senior Volunteer Program of Suffolk Count ($436k) and Meet the Need Development Corporation ($436k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $46k (12% of expenses). Other salaries and wages came to $105k. At year end it held assets of $338k against liabilities of $56k, net assets of $282k. It reported 6 employees.