Council on Aging of St Lucie Inc

Analysis

Council on Aging of St Lucie Inc is a registered charity in United States, based in Port St Lucie, FL. It received its IRS tax-exemption ruling in September 1973, 53 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 2024, Council on Aging of St Lucie Inc reported income of $4.6m and spending of $5.4m, spending 116% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $8.9m to $4.6m (-48%), an average of -15% a year. The sharpest change came in the year to June 2022, when income rose by 82%. Over the whole period it spent 116% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Council on Aging of St Lucie 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 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include YWCA Northwestern Illinois ($4.6m), Family & Childrens Service Inc of Monmouth County ($4.6m) and Wings for Kids ($4.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 80% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $147k (2.7% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $2.9m against liabilities of $573k, net assets of $2.3m. It reported 56 employees.