Greater Elgin Family Care Center Endowment Trust

Analysis

Greater Elgin Family Care Center Endowment Trust is a registered charity in United States, based in Hoffman Est, IL. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Greater Elgin Family Care Center Endowment Trust reported income of $2.5m and spending of $54k, leaving 98% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $322k to $2.5m (+681%), an average of +98% a year. The sharpest change came in the year to June 2021, when income rose by 1130%. Over the whole period it spent 2.6% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Greater Elgin Family Care Center Endowment Trust sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include First Step Family Support Center ($2.5m), Evansville Protestant Home Inc ($2.5m) and Elderhelp of San Diego ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $15.3m against liabilities of $0, net assets of $15.3m.