Madison County Office For The Aging Inc
Madison County Office For The Aging Inc shows consistent revenue growth and zero officer compensation over a decade.
EIN: 161434765 · Canastota, NY · NTEE: P81Z · Updated: 2026-03-28
Is Madison County Office For The Aging Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Madison County Office For The Aging Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Madison County Office For The Aging Inc
Madison County Office For The Aging Inc (EIN: 161434765) is a nonprofit organization based in Canastota, NY, classified under NTEE code P81Z. The organization reported total revenue of $2.2M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Madison County Office For The Aging Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Madison County Office For The Aging Inc is a mid-size nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.1M |
| Surplus / Deficit | +$125K |
| Total Assets | $3.1M |
| Total Liabilities | $813K |
| Net Assets | $2.2M |
| Operating Margin | 5.6% |
| Debt-to-Asset Ratio | 26.6% |
| Months of Reserves | 17.3 months |
Financial Health Grade: A
In 2023, Madison County Office For The Aging Inc reported a surplus of $125K with revenue exceeding expenses, holds 17.3 months of operating reserves (strong position), has a debt-to-asset ratio of 26.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Madison County Office For The Aging Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.7% | +8.1% | +4.0% |
| 2022 | +5.1% | +11.7% | -4.3% |
| 2021 | +5.1% | +2.7% | +12.0% |
| 2020 | -2.8% | +2.5% | +2.8% |
| 2019 | +8.3% | +5.8% | +7.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Madison County Office For The Aging Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Madison County Office For The Aging Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $125K, with revenue exceeding expenses.
- Debt-to-asset ratio: 26.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization with over $2 million in annual revenue and suggests a strong volunteer leadership or that compensation is covered by a different entity, which enhances the perception of funds directly supporting the mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Madison County Office For The Aging Inc:
- Consistent revenue growth from $1.35M in 2014 to $2.24M in 2023.
- Zero officer compensation reported across all 13 filings, indicating high efficiency and mission focus.
- Healthy and growing asset base, reaching over $3 million in 2023.
- Expenses consistently managed below revenue, allowing for asset accumulation.
- Strong financial transparency through consistent IRS 990 filings.
Frequently Asked Questions about Madison County Office For The Aging Inc
Is Madison County Office For The Aging Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Madison County Office For The Aging Inc (EIN: 161434765) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Madison County Office For The Aging Inc spend its money?
Madison County Office For The Aging Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Madison County Office For The Aging Inc tax-deductible?
Madison County Office For The Aging Inc is registered as a tax-exempt nonprofit (EIN: 161434765). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Madison County Office For The Aging Inc a good charity?
Based on the provided IRS 990 data, Madison County Office For The Aging Inc appears to be a very good charity. It demonstrates consistent financial growth, maintains healthy assets, and notably reports 0% officer compensation across all filings, indicating a strong commitment to program spending and transparency.
How has the organization's revenue grown over time?
The organization's revenue has shown consistent growth, increasing from $1,353,796 in 2014 to $2,246,431 in 2023, representing a significant increase of approximately 66% over the decade.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available IRS 990 filings, suggesting that no officers receive salaries from the organization. This is a strong indicator of financial efficiency and a focus on directing resources to programs.
Are the organization's assets growing?
Yes, the organization's assets have shown consistent growth, increasing from $1,756,034 in 2014 to $3,053,048 in 2023, indicating sound financial management and accumulation of resources.
Filing History
IRS 990 filing history for Madison County Office For The Aging Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Madison County Office For The Aging Inc's revenue has grown by 50.5%, moving from $1.5M to $2.2M. Total assets increased by 119.1% over the same period, from $1.4M to $3.1M. Total functional expenses rose by 35.6%, from $1.6M to $2.1M. In its most recent filing year (2023), Madison County Office For The Aging Inc reported a surplus of $125K, with revenue exceeding expenses. The organization holds $813K in liabilities against $3.1M in assets (debt-to-asset ratio: 26.6%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $2.1M | $3.1M | $813K | — | View 990 |
| 2022 | $2.0M | $2.0M | $2.9M | $820K | — | View 990 |
| 2021 | $1.9M | $1.8M | $3.1M | $1000K | — | — |
| 2020 | $1.8M | $1.7M | $2.7M | $829K | — | View 990 |
| 2019 | $1.9M | $1.7M | $2.7M | $865K | — | View 990 |
| 2018 | $1.7M | $1.6M | $2.5M | $897K | — | View 990 |
| 2017 | $1.7M | $1.5M | $2.4M | $944K | — | View 990 |
| 2016 | $1.6M | $1.4M | $2.2M | $995K | — | View 990 |
| 2015 | $1.5M | $1.3M | $2.0M | $1.0M | — | View 990 |
| 2014 | $1.4M | $1.3M | $1.8M | $940K | — | View 990 |
| 2013 | $1.4M | $1.3M | $1.7M | $969K | — | View 990 |
| 2012 | $1.6M | $1.4M | $1.6M | $949K | — | View 990 |
| 2011 | $1.5M | $1.6M | $1.4M | $933K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $2.1M, and assets of $3.1M (revenue +11.7% year-over-year).
- 2022: Revenue of $2.0M, expenses of $2.0M, and assets of $2.9M (revenue +5.1% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.8M, and assets of $3.1M (revenue +5.1% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.7M, and assets of $2.7M (revenue -2.8% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.7M, and assets of $2.7M (revenue +8.3% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.6M, and assets of $2.5M (revenue +3.0% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.5M, and assets of $2.4M (revenue +2.8% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.4M, and assets of $2.2M (revenue +9.3% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.3M, and assets of $2.0M (revenue +10.5% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.3M, and assets of $1.8M (revenue -6.1% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.3M, and assets of $1.7M (revenue -10.7% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.4M, and assets of $1.6M (revenue +8.2% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.6M, and assets of $1.4M.
Data Sources and Methodology
This transparency report for Madison County Office For The Aging Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.