Caddo Council on Aging

Analysis

Caddo Council on Aging is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in August 1977, 49 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, Caddo Council on Aging reported income of $4.6m and spending of $4.4m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.5m to $4.6m (+32%), an average of +7.3% a year. The sharpest change came in the year to June 2020, when income rose by 21%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Caddo Council on Aging sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within LA. Charities of a similar size with the same main cause include First Fruits Farm Inc ($4.6m), Foundation for Children with Intellectual & Developmental Disab ($4.6m) and Turnaround Inc ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $107k (2.4% of expenses). Other salaries and wages came to $790k. It paid $40k in professional fundraising fees. At year end it held assets of $5.9m against liabilities of $2.4m, net assets of $3.5m. It reported 50 employees.