Amg Illinois Ltd

Analysis

Amg Illinois Ltd is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Amg Illinois Ltd reported income of $9.4m and spending of $13.6m, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.8m to $9.4m (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2020, when income dropped by 27%. Over the whole period it spent 151% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Amg Illinois Ltd sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within WI. Charities of a similar size with the same main cause include Counseling Clinic Inc ($9.4m), Mighty Oaks Foundation ($9.4m) and Zero Prostate Cancer ($9.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 97% of the total. Other salaries and wages came to $8.2m. At year end it held assets of $3.8m against liabilities of $63.4m, net assets of -$59.6m.

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.