Colleton County Council on Aging Inc

Analysis

Colleton County Council on Aging Inc is a registered charity in United States, based in Walterboro, SC. It received its IRS tax-exemption ruling in December 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, Colleton County Council on Aging Inc reported income of $420k and spending of $326k, leaving 22% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $443k to $420k (-5.3%), an average of -1.8% a year. The sharpest change came in the year to June 2023, when income rose by 16%. 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, Colleton 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 67th percentile, and in the 72nd percentile within SC. Charities of a similar size with the same main cause include New Day Orphanage ($420k), Forward Steps Foundation ($420k) and 3hopeful Hearts ($420k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $61k (19% of expenses). Other salaries and wages came to $43k. At year end it held assets of $677k against liabilities of $12k, net assets of $665k. It reported 4 employees.