Sowega Council on Aging Inc

Analysis

Sowega Council on Aging Inc is a registered charity in United States, based in Albany, GA. It received its IRS tax-exemption ruling in December 1967, 59 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, Sowega Council on Aging Inc reported income of $7.3m and spending of $7.1m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.3m to $7.3m (+16%), an average of +3.7% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sowega Council on Aging Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within GA. Charities of a similar size with the same main cause include Leap ($7.3m), Bridge of Grace Inc ($7.3m) and Hebrew Free Loan Society Inc ($7.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $10.5m against liabilities of $974k, net assets of $9.6m. It reported 38 employees.