Klamath & Lake Counties Council on Aging

Analysis

Klamath & Lake Counties Council on Aging is a registered charity in United States, based in Klamath Falls, OR. It received its IRS tax-exemption ruling in September 1971, 55 years ago. 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, Klamath & Lake Counties Council on Aging reported income of $1.6m and spending of $1.4m, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $974k to $1.6m (+59%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 38%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Klamath & Lake Counties Council on Aging sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within OR. Charities of a similar size with the same main cause include Utah Independent Living Center Inc ($1.6m), Albany Berkeley Soccer Club ($1.6m) and Crossroads Nursery School ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $55k (3.8% of expenses). Other salaries and wages came to $235k. At year end it held assets of $650k against liabilities of $197k, net assets of $453k. It reported 7 employees.