Holmes Council on Aging Inc

Analysis

Holmes Council on Aging Inc is a registered charity in United States, based in Bonifay, FL. It received its IRS tax-exemption ruling in September 2016, 10 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 December 2023, Holmes Council on Aging Inc reported income of $724k and spending of $746k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $550k to $724k (+32%), an average of +7.1% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Holmes Council on Aging Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Young Mens Christian Association of Buchanan County ($724k), Sycamore Place II Senior Housing Corporation ($724k) and Champlain Islands Parent Child Center ($724k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Other salaries and wages came to $411k. It paid $1,261 in professional fundraising fees. At year end it held assets of $253k against liabilities of $23k, net assets of $231k. It reported 30 employees.