Beloved Community Family Wellness Center

Analysis

Beloved Community Family Wellness Center is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Beloved Community Family Wellness Center reported income of $7.2m and spending of $7.6m, spending 105% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $5.3m to $7.2m (+35%), an average of +7.8% a year. The sharpest change came in the year to August 2020, when income rose by 21%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Beloved Community Family Wellness Center 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 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include Lompoc Valley Community Healthcare Organization ($7.2m), Martha Coker Home Inc ($7.2m) and Athens Model Neighborhood Health Center Inc ($7.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $803k (11% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $6.8m against liabilities of $2.4m, net assets of $4.4m. It reported 73 employees.