Elks National Foundation Inc

Analysis

Elks National Foundation Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 March 2024, Elks National Foundation Inc reported income of $37.4m and spending of $40.2m, spending 108% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income fell from $43.4m to $37.4m (-14%), an average of -3.6% a year. The sharpest change came in the year to March 2023, when income dropped by 71%. Over the whole period it spent 69% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Elks National Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Greater Manhattan Community Foundation ($37.4m), The Hormel Foundation ($37.4m) and Permian Basin Area Foundation ($37.3m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 27% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $926.0m against liabilities of $68.7m, net assets of $857.3m. It reported 28 employees.