Chesterfield County Council on Aging

Analysis

Chesterfield County Council on Aging is a registered charity in United States, based in Chesterfield, SC. It received its IRS tax-exemption ruling in March 1976, 50 years ago. 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, Chesterfield County Council on Aging reported income of $396k and spending of $362k, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $287k to $396k (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2020, when income rose by 100%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chesterfield County Council on Aging sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within SC. Charities of a similar size with the same main cause include Nourishment for the Needy Inc ($396k), Elm Manor Homes ($396k) and Big Brothers Big Sisters of the Tennessee Valley Inc ($396k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $87k (24% of expenses). Other salaries and wages came to $62k. At year end it held assets of $654k against liabilities of $627k, net assets of $27k. It reported 5 employees.