Family Service Association of Greater Elgin Area

Analysis

Family Service Association of Greater Elgin Area is a registered charity in United States, based in Elgin, IL. It received its IRS tax-exemption ruling in November 1945, 81 years ago. 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 2023, Family Service Association of Greater Elgin Area reported income of $5.4m and spending of $5.1m, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.0m to $5.4m (+80%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 56%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Family Service Association of Greater Elgin Area 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 92nd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include American Institute of Mathematics ($5.4m), Justice Education Center Inc ($5.4m) and West Morris Area YMCA ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 51% of the total. Other salaries and wages came to $3.6m. At year end it held assets of $5.0m against liabilities of $2.1m, net assets of $2.9m. It reported 87 employees.