Chicago Friends of the Elderlyfoundation

Analysis

Chicago Friends of the Elderlyfoundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 2007, 19 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 September 2023, Chicago Friends of the Elderlyfoundation reported income of $672k and spending of $1.9m, spending 283% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $553k to $672k (+22%), an average of +5.0% a year. The sharpest change came in the year to September 2021, when income rose by 104%. Over the whole period it spent 113% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chicago Friends of the Elderlyfoundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include Turnaround Incorporated ($672k), Solutions Center Shelter and Support Services Inc ($672k) and Seattle-King County Coalition on Homelessness ($672k).

At year end it held assets of $13.1m against liabilities of $0, net assets of $13.1m.