Desoto Council on the Aging Inc

Analysis

Desoto Council on the Aging Inc is a registered charity in United States, based in Mansfield, LA. It received its IRS tax-exemption ruling in September 1972, 54 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, Desoto Council on the Aging Inc reported income of $982k and spending of $976k, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.1m to $982k (-8.0%), an average of -2.7% a year. The sharpest change came in the year to June 2022, when income dropped by 22%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Desoto Council on the Aging Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within LA. Charities of a similar size with the same main cause include Council of Senior Tyler Countians Inc ($981k), Hearts for Families Inc ($982k) and Allen Council on Aging Inc ($980k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 25% of the total. Other salaries and wages came to $542k. At year end it held assets of $434k against liabilities of $189k, net assets of $245k.