Laurel-Jones County Council-On-Aging Inc

Analysis

Laurel-Jones County Council-On-Aging Inc is a registered charity in United States, based in Laurel, MS. It received its IRS tax-exemption ruling in June 1974, 52 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, Laurel-Jones County Council-On-Aging Inc reported income of $484k and spending of $490k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $642k to $484k (-25%), an average of -6.8% a year. The sharpest change came in the year to June 2021, when income dropped by 22%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Laurel-Jones County Council-On-Aging Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within MS. Charities of a similar size with the same main cause include Madison County Hospital Foundation Inc ($484k), Eastern Analytical Symposium Inc ($484k) and American Friends of the Natl Museum of Bermuda Inc ($483k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $74k (15% of expenses). Other salaries and wages came to $91k. At year end it held assets of $36k against liabilities of $5,260, net assets of $31k. It reported 4 employees.