Ofallon Preservation NFP

Analysis

Ofallon Preservation NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Ofallon Preservation NFP reported income of $1.5m and spending of $1.3m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.5m (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ofallon Preservation NFP sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include University of North Carolina School of the Arts Housing Corporation ($1.5m), Aurora Housing Development Corporation ($1.5m) and Habitat for Humanity International Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.7% and program service revenue 95% of the total. Other salaries and wages came to $213k. At year end it held assets of $5.1m against liabilities of $5.7m, net assets of -$606k.