Hood County Committee on Aging

Analysis

Hood County Committee on Aging is a registered charity in United States, based in Granbury, TX. It received its IRS tax-exemption ruling in October 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, Hood County Committee on Aging reported income of $984k and spending of $1.0m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $629k to $984k (+57%), an average of +12% a year. The sharpest change came in the year to September 2022, when income rose by 31%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hood County Committee on Aging sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include National Council for Adoption ($984k), Radclift Inc ($984k) and Hillel of Rockland County Inc ($984k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $539k. At year end it held assets of $959k against liabilities of $6,547, net assets of $953k. It reported 22 employees.