Madison Voluntary Council on Aging Inc

Analysis

Madison Voluntary Council on Aging Inc is a registered charity in United States, based in Tallulah, LA. It received its IRS tax-exemption ruling in January 2011, 15 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 June 2023, Madison Voluntary Council on Aging Inc reported income of $906k and spending of $774k, spending 85% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $608k to $906k (+49%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Madison Voluntary Council 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 77th percentile within LA. Charities of a similar size with the same main cause include Centro Del Truinfo Inc ($906k), Heirborn Servants Inc ($906k) and Enfamilia Inc ($906k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $58k (7.5% of expenses). Other salaries and wages came to $320k. At year end it held assets of $1.2m against liabilities of $286k, net assets of $953k. It reported 8 employees.