Montgomery Area Council on Aging

Analysis

Montgomery Area Council on Aging is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in May 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 September 2023, Montgomery Area Council on Aging reported income of $1.5m and spending of $1.4m, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.5m to $1.5m (+2.4%), an average of +0.6% a year. The sharpest change came in the year to September 2020, when income rose by 20%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Montgomery Area Council on Aging sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within AL. Charities of a similar size with the same main cause include Adventist Community Services of Greater Washington ($1.5m), El Ranchito de Los Ninos Foundation ($1.5m) and Suazo Business Center ($1.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 90% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $101k (7.0% of expenses). Other salaries and wages came to $564k. At year end it held assets of $2.4m against liabilities of $149k, net assets of $2.3m. It reported 33 employees.