Council on Aging-Southern California Inc

Analysis

Council on Aging-Southern California Inc is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in July 1974, 52 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, Council on Aging-Southern California Inc reported income of $7.5m and spending of $7.6m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.7m to $7.5m (+59%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 26%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Council on Aging-Southern California Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Catholic Human Services Inc ($7.5m), Resident Advancement Inc ($7.5m) and North Coast Community Homes Inc ($7.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $439k (5.7% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $2.9m against liabilities of $2.1m, net assets of $799k. It reported 117 employees.