Okaloosa County Council on Aging Inc

Analysis

Okaloosa County Council on Aging Inc is a registered charity in United States, based in Shalimar, FL. It received its IRS tax-exemption ruling in February 1976, 50 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, Okaloosa County Council on Aging Inc reported income of $1.2m and spending of $1.1m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $801k to $1.2m (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2020, when income rose by 17%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Okaloosa County Council on Aging Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include 3-A Sanitary Standards Inc ($1.2m), National Spay Alliance Foundation ($1.2m) and Bloomsburg Area Young Mens Christian Association ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.3% and program service revenue 75% of the total. Other salaries and wages came to $440k. At year end it held assets of $556k against liabilities of $104k, net assets of $451k. It reported 39 employees.