Santa Clarita Valley Committee on Aging Inc

Analysis

Santa Clarita Valley Committee on Aging Inc is a registered charity in United States, based in Santa Clarita, CA. It received its IRS tax-exemption ruling in February 1977, 49 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, Santa Clarita Valley Committee on Aging Inc reported income of $13.1m and spending of $12.4m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.4m to $13.1m (+77%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 29%. 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, Santa Clarita Valley Committee on Aging Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Kentmere Rehabilitation and Healthcare Center Inc ($13.1m), Yad Eliezer USA Inc ($13.1m) and Child and Family Focus Inc ($13.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $200k (1.6% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $18.7m against liabilities of $2.5m, net assets of $16.3m. It reported 111 employees.