Margaret Ford Manor Ltd

Analysis

Margaret Ford Manor Ltd is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Margaret Ford Manor Ltd reported income of $902k and spending of $1.0m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $902k (-11%), an average of -2.9% a year. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Margaret Ford Manor Ltd sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within IL. Charities of a similar size with the same main cause include Gardena Marine Ave Senior Housing Inc ($902k), Burlington Homes Inc ($903k) and Family Promise of Midland Texas Inc ($902k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Other salaries and wages came to $203k. At year end it held assets of $2.7m against liabilities of $5.0m, net assets of -$2.3m. It reported 8 employees.

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.