Bay County Council on Aging Inc

Analysis

Bay County Council on Aging Inc is a registered charity in United States, based in Panama City, FL. It received its IRS tax-exemption ruling in September 1972, 54 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 March 2024, Bay County Council on Aging Inc reported income of $3.6m and spending of $3.5m, spending 96% of its income. Across the 6 years on record, from March 2019 to March 2024, income grew from $2.4m to $3.6m (+51%), an average of +8.6% a year. The sharpest change came in the year to March 2021, when income rose by 85%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bay County Council on Aging Inc 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 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include New York Alliance for Inclusion and Innovation Inc ($3.6m), Kenosha Area Family and Aging Services Inc ($3.6m) and Arrive Ministries ($3.6m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 84% and program service revenue 12% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $5.9m against liabilities of $127k, net assets of $5.8m. It reported 44 employees.