Faulkner County Council on Aging Inc

Analysis

Faulkner County Council on Aging Inc is a registered charity in United States, based in Conway, AR. It received its IRS tax-exemption ruling in November 1979, 47 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, Faulkner County Council on Aging Inc reported income of $1.3m and spending of $1.2m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.2m to $1.3m (+4.8%), an average of +1.6% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Faulkner County Council on Aging Inc 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 82nd percentile, and in the 83rd percentile within AR. Charities of a similar size with the same main cause include Savo Island Cooperative Homes Inc ($1.3m), Hinsdale Swim Club ($1.3m) and Peoples Solar Energy Fund ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 6.7% of the total. Other salaries and wages came to $418k. At year end it held assets of $2.9m against liabilities of $58k, net assets of $2.8m. It reported 24 employees.