Okeechobee Council on Aging Inc

Analysis

Okeechobee Council on Aging Inc is a registered charity in United States, based in Pahokee, FL. It received its IRS tax-exemption ruling in June 1981, 45 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 June 2023, Okeechobee Council on Aging Inc reported income of $8.7m and spending of $9.0m, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $9.2m to $8.7m (-5.4%), an average of -1.8% a year. The sharpest change came in the year to June 2021, when income dropped by 16%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Okeechobee Council on Aging Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include St Madeleine Sophies Training Center ($8.7m), Marc Inc ($8.8m) and St Johns County Council on Aging ($8.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 87% of the total. Other salaries and wages came to $4.2m. At year end it held assets of $3.9m against liabilities of $1.0m, net assets of $2.9m. It reported 115 employees.