Food for Greater Elgin Inc

Analysis

Food for Greater Elgin Inc is a registered charity in United States, based in Elgin, IL. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover food, agriculture and nutrition, 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 June 2023, Food for Greater Elgin Inc reported income of $6.4m and spending of $6.6m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.4m to $6.4m (+89%), an average of +17% a year. The sharpest change came in the year to June 2020, when income rose by 66%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food for Greater Elgin Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Find Aid for the Aged Inc ($6.4m), Breckinridge-Grayson Programs Inc ($6.4m) and Methodist Childrens Homes of Mississippi ($6.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Other salaries and wages came to $385k. At year end it held assets of $2.6m against liabilities of $2.0m, net assets of $579k. It reported 10 employees.