Canon City Golden Age Council Inc

Analysis

Canon City Golden Age Council Inc is a registered charity in United States, based in Canon City, CO. It received its IRS tax-exemption ruling in March 1968, 58 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 December 2023, Canon City Golden Age Council Inc reported income of $457k and spending of $411k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $394k to $457k (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2022, when income rose by 35%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Canon City Golden Age Council Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 66th percentile within CO. Charities of a similar size with the same main cause include Gathering Place of Milton Inc ($457k), Family Shelter of McCulloch County ($457k) and Startup Colorado ($457k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $29k (7.0% of expenses). Other salaries and wages came to $145k. At year end it held assets of $497k against liabilities of $37k, net assets of $459k. It reported 11 employees.