Somervell County Committe for Aging Inc

Analysis

Somervell County Committe for Aging Inc is a registered charity in United States, based in Glen Rose, TX. It received its IRS tax-exemption ruling in August 1979, 47 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 September 2023, Somervell County Committe for Aging Inc reported income of $781k and spending of $643k, spending 82% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $506k to $781k (+54%), an average of +12% a year. The sharpest change came in the year to September 2023, when income rose by 17%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Somervell County Committe for Aging Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Foster & Adoptive Parent Advocacy Center ($781k), Sunshine Projects Foundation Inc ($782k) and Schoenbaum Family Enrichment Center Inc ($781k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $57k (8.9% of expenses). Other salaries and wages came to $262k. At year end it held assets of $631k against liabilities of $45k, net assets of $587k. It reported 24 employees.