Wise County Committee on Aging Inc

Analysis

Wise County Committee on Aging Inc is a registered charity in United States, based in Decatur, TX. It received its IRS tax-exemption ruling in July 1983, 43 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, Wise County Committee on Aging Inc reported income of $920k and spending of $515k, leaving 44% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $264k to $920k (+249%), an average of +37% a year. The sharpest change came in the year to September 2023, when income rose by 125%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wise County Committee on Aging Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Sequim Senior Services ($920k), San Francisco Village ($920k) and Kansas Breastfeeding Coalition Inc ($920k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $35k (6.8% of expenses). Other salaries and wages came to $216k. At year end it held assets of $573k against liabilities of $10k, net assets of $563k. It reported 19 employees.