Concordia Council on Aging Inc

Analysis

Concordia Council on Aging Inc is a registered charity in United States, based in Ferriday, 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, Concordia Council on Aging Inc reported income of $961k and spending of $879k, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $697k to $961k (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Concordia Council on Aging Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within LA. Charities of a similar size with the same main cause include Transforming Generations ($961k), Alliance ($962k) and Bigelow Cooperative Day Care Center ($961k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $52k (5.9% of expenses). Other salaries and wages came to $386k. At year end it held assets of $1.1m against liabilities of $47k, net assets of $1.0m.