Bolivar County Council on Aging Inc

Analysis

Bolivar County Council on Aging Inc is a registered charity in United States, based in Cleveland, MS. It received its IRS tax-exemption ruling in March 2013, 13 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, Bolivar County Council on Aging Inc reported income of $4.0m and spending of $3.4m, spending 85% of its income. Across the 4 years on record, from September 2019 to September 2023, income grew from $3.0m to $4.0m (+33%), an average of +10% a year. The sharpest change came in the year to September 2023, when income rose by 34%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bolivar County Council on Aging Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within MS. Charities of a similar size with the same main cause include Christs Hands Inc ($4.0m), Silverlake Independent Jewish Community Center ($4.0m) and Bethany Assisted Living Inc ($4.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 49% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $76k (2.2% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $3.2m against liabilities of $95k, net assets of $3.1m. It reported 41 employees.