Council on Aging of Cleveland County Inc

Analysis

Council on Aging of Cleveland County Inc is a registered charity in United States, based in Shelby, NC. It received its IRS tax-exemption ruling in April 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 June 2023, Council on Aging of Cleveland County Inc reported income of $917k and spending of $1.1m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.0m to $917k (-9.6%), an average of -2.5% a year. The sharpest change came in the year to June 2023, when income dropped by 18%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Council on Aging of Cleveland County Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within NC. Charities of a similar size with the same main cause include Sunshine Food Pantry and Resource Center Inc ($917k), Pillar & Vine Inc ($917k) and Tennessee Justice for Our Neighbors Inc ($917k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 21% of the total. Other salaries and wages came to $365k. At year end it held assets of $2.4m against liabilities of $101k, net assets of $2.3m. It reported 19 employees.