Franklin County Council on Aging Inc

Analysis

Franklin County Council on Aging Inc is a registered charity in United States, based in Frankfort, KY. It received its IRS tax-exemption ruling in January 1968, 58 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 2023, Franklin 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 June 2019 to June 2023, income grew from $720k to $1.2m (+70%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 28%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Franklin County Council on Aging Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within KY. Charities of a similar size with the same main cause include Food Systems for the Future Institute ($1.2m), International Adoption Net ($1.2m) and Dolls for Daughters and Kenzis Kidz ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $147k (13% of expenses). Other salaries and wages came to $321k. At year end it held assets of $1.7m against liabilities of $22k, net assets of $1.7m. It reported 21 employees.