Tipton County Commission on Aging

Analysis

Tipton County Commission on Aging is a registered charity in United States, based in Covington, TN. It received its IRS tax-exemption ruling in November 1977, 49 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, Tipton County Commission on Aging reported income of $286k and spending of $260k, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $266k to $286k (+7.4%), an average of +1.8% a year. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tipton County Commission on Aging sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within TN. Charities of a similar size with the same main cause include Valley Thrift Store Inc ($286k), Love Inc of Sheboygan County Inc ($286k) and Wyoming Foundation for Cancer Care ($286k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $34k (13% of expenses). Other salaries and wages came to $60k. At year end it held assets of $209k against liabilities of $4,427, net assets of $205k. It reported 6 employees.