Horry County Council on Aging

Analysis

Horry County Council on Aging is a registered charity in United States, based in Myrtle Beach, SC. It received its IRS tax-exemption ruling in December 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 2024, Horry County Council on Aging reported income of $3.9m and spending of $3.3m, spending 83% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.5m to $3.9m (+54%), an average of +11% a year. The sharpest change came in the year to June 2024, when income rose by 37%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Horry County Council on Aging sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within SC. Charities of a similar size with the same main cause include Park Village Apartments Inc ($3.9m), River Radio Ministries ($3.9m) and Oceanic Society Expeditions ($3.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 64% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $203k (6.2% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $5.2m against liabilities of $1.1m, net assets of $4.0m. It reported 83 employees.