Vernon Council on Aging Inc

Analysis

Vernon Council on Aging Inc is a registered charity in United States, based in Leesville, LA. It received its IRS tax-exemption ruling in June 1969, 57 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, Vernon Council on Aging Inc reported income of $1.5m and spending of $1.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $994k to $1.5m (+52%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vernon Council on Aging Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within LA. Charities of a similar size with the same main cause include His House of Columbia Inc ($1.5m), The Emmanuel Cancer Foundation Inc ($1.5m) and Kenny Guinn Center for Policy Priorities ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $73k (4.9% of expenses). Other salaries and wages came to $500k. At year end it held assets of $943k against liabilities of $108k, net assets of $835k. It reported 16 employees.