Grant Council on the Aging Inc

Analysis

Grant Council on the Aging Inc is a registered charity in United States, based in Colfax, LA. It received its IRS tax-exemption ruling in December 1985, 41 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 2024, Grant Council on the Aging Inc reported income of $420k and spending of $399k, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $263k to $420k (+60%), an average of +12% a year. The sharpest change came in the year to June 2024, when income rose by 40%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grant Council on the Aging Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within LA. Charities of a similar size with the same main cause include Catahoula Association of Retarded Citizens Inc ($420k), Douglas Arts and Humanities Inc ($420k) and Good Neighbors Inc ($419k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $51k (13% of expenses). Other salaries and wages came to $115k. At year end it held assets of $238k against liabilities of $17k, net assets of $221k. It reported 7 employees.