Chico Area Council on Aging Inc

Analysis

Chico Area Council on Aging Inc is a registered charity in United States, based in Chico, CA. It received its IRS tax-exemption ruling in May 1971, 55 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Chico Area Council on Aging Inc reported income of $610k and spending of $585k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $403k to $610k (+51%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 69%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chico Area Council on Aging Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Grace Clinic of Yadkin Valley ($610k), Hunger Corp ($610k) and Global Peace Alliance Inc ($610k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 51% of the total. Other salaries and wages came to $138k. At year end it held assets of $1.7m against liabilities of $27k, net assets of $1.6m. It reported 13 employees.