Ouachita Council on Aging

Analysis

Ouachita Council on Aging is a registered charity in United States, based in Monroe, LA. It received its IRS tax-exemption ruling in April 1970, 56 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, Ouachita Council on Aging reported income of $1.8m and spending of $1.9m, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.7m to $1.8m (+11%), an average of +3.5% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ouachita Council on Aging sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within LA. Charities of a similar size with the same main cause include Catawba Valley Community College Foundation Inc ($1.8m), Milwaukee Public Library Foundation Inc ($1.8m) and Christian Brothers Foundation Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $491k. At year end it held assets of $1.1m against liabilities of $246k, net assets of $839k.