St Mary Council on Aging Inc

Analysis

St Mary Council on Aging Inc is a registered charity in United States, based in Franklin, LA. It received its IRS tax-exemption ruling in March 1976, 50 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, St Mary Council on Aging Inc reported income of $995k and spending of $801k, spending 81% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $619k to $995k (+61%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 48%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Mary Council on Aging Inc sits at the 78th percentile: it is larger than about 78% 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 American Friends of Neve Shalom-Wahat Al-Salam ($995k), Veteran Business Project Inc ($995k) and West Park Kamms Neighborhood Development ($995k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% and program service revenue 2.7% of the total. Other salaries and wages came to $354k. At year end it held assets of $845k against liabilities of $31k, net assets of $814k. It reported 49 employees.