Washington and Jane Smith Community Beverly

Analysis

Washington and Jane Smith Community Beverly is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 1934, 92 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Washington and Jane Smith Community Beverly reported income of $26.9m and spending of $28.3m, spending 105% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $28.3m to $26.9m (-4.9%), an average of -1.3% a year. The sharpest change came in the year to June 2024, when income rose by 26%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Washington and Jane Smith Community Beverly 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 West Bay Residential Services Inc ($26.9m), Assyrian National Council of Illinois ($26.9m) and Marthas Table ($26.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 7.4% and program service revenue 89% of the total. Other salaries and wages came to $6.9m. At year end it held assets of $75.0m against liabilities of $78.5m, net assets of -$3.5m. It reported 309 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.