Lancaster County Council on Aging Inc

Analysis

Lancaster County Council on Aging Inc is a registered charity in United States, based in Lancaster, SC. It received its IRS tax-exemption ruling in January 1976, 50 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, Lancaster County Council on Aging Inc reported income of $1.6m and spending of $1.9m, spending 121% of what it took in. Across the 3 years on record, from June 2020 to June 2023, income fell from $1.8m to $1.6m (-14%), an average of -7.1% a year. The sharpest change came in the year to June 2022, when income dropped by 27%. Over the whole period it spent 111% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lancaster County Council on Aging Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within SC. Charities of a similar size with the same main cause include Family Advocacy Network ($1.6m), Childrens Health and Research Foundation Inc ($1.6m) and Latino Health Insurance Program Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 8.4% of the total. Compensation of current officers, directors and key employees was $46k (2.4% of expenses). Other salaries and wages came to $642k. At year end it held assets of $1.9m against liabilities of $373k, net assets of $1.5m. It reported 46 employees.