Iberia Council on Aging Inc

Analysis

Iberia Council on Aging Inc is a registered charity in United States, based in New Iberia, LA. It received its IRS tax-exemption ruling in August 1984, 42 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, Iberia Council on Aging Inc reported income of $496k and spending of $488k, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2024, income fell from $502k to $496k (-1.1%), an average of -0.4% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Iberia Council on Aging Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within LA. Charities of a similar size with the same main cause include Eugene Masonic Cemetery Association Inc ($496k), Anvil Housing Corporation ($496k) and Pickerington Senior Citizens Center Inc ($496k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% and program service revenue 5.4% of the total. Other salaries and wages came to $290k. At year end it held assets of $578k against liabilities of $33k, net assets of $546k. It reported 30 employees.