Bandera County Committee on Aging Inc

Analysis

Bandera County Committee on Aging Inc is a registered charity in United States, based in Bandera, TX. It received its IRS tax-exemption ruling in July 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 September 2023, Bandera County Committee on Aging Inc reported income of $1.9m and spending of $1.8m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $589k to $1.9m (+220%), an average of +34% a year. The sharpest change came in the year to September 2020, when income rose by 65%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bandera County Committee on Aging Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Living Word Ministries International Inc ($1.9m), South Carolina Victim Assistance Network Inc ($1.9m) and St Elizabeth Catholic Charities Inc ($1.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $222k (12% of expenses). Other salaries and wages came to $723k. At year end it held assets of $3.4m against liabilities of $1.6m, net assets of $1.7m. It reported 32 employees.