Rolling Meadows Senior Living Inc

Analysis

Rolling Meadows Senior Living Inc is a registered charity in United States, based in Des Plaines, IL. It received its IRS tax-exemption ruling in April 1988, 38 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Rolling Meadows Senior Living Inc reported income of $349k and spending of $432k, spending 124% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $286k to $349k (+22%), an average of +5.1% a year. Over the whole period it spent 131% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rolling Meadows Senior Living Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within IL. Charities of a similar size with the same main cause include Grace Through Faith Ministries Inc ($349k), Aero Club of Southern California ($349k) and North Carolina State Elks Association ($349k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $89k. At year end it held assets of $2.3m against liabilities of $2.8m, net assets of -$449k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.