Morehouse Council on Aging Inc

Analysis

Morehouse Council on Aging Inc is a registered charity in United States, based in Bastrop, LA. It received its IRS tax-exemption ruling in January 1978, 48 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 2023, Morehouse Council on Aging Inc reported income of $1.7m and spending of $1.6m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.4m to $1.7m (+17%), an average of +5.2% a year. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Morehouse Council on Aging Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within LA. Charities of a similar size with the same main cause include Hillsdale Senior Housing Corp ($1.7m), Earl Carl Institute for Legal and Social Policy Inc ($1.7m) and Breast Center ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 1.6% of the total. Other salaries and wages came to $350k. At year end it held assets of $888k against liabilities of $310k, net assets of $578k. It reported 22 employees.