Terrebonne Council on Aging

Analysis

Terrebonne Council on Aging is a registered charity in United States, based in Houma, LA. It received its IRS tax-exemption ruling in April 1986, 40 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 June 2023, Terrebonne Council on Aging reported income of $6.0m and spending of $7.8m, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $9.3m to $6.0m (-36%), an average of -10% a year. The sharpest change came in the year to June 2022, when income rose by 162%. Over the whole period it spent 137% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Terrebonne Council on Aging sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within LA. Charities of a similar size with the same main cause include Grapevine Relief and Community Exchange ($6.0m), Tacoma Community House ($6.0m) and Lifetime Resources Inc ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $149k (1.9% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $24.2m against liabilities of $6.2m, net assets of $18.1m. It reported 88 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.