Altenheim-German Old Peoples Home-

Analysis

Altenheim-German Old Peoples Home- is a registered charity in United States, based in Forest Park, IL. It received its IRS tax-exemption ruling in October 1926, 100 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 2023, Altenheim-German Old Peoples Home- reported income of $1.1m and spending of $908k, spending 80% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $872k to $1.1m (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Altenheim-German Old Peoples Home- sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include Brooklyn Center for Independence of the Disabled ($1.1m), Society of St Vincent de Paulredmond Conference ($1.1m) and Women in Product ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 52% of the total. Other salaries and wages came to $208k. At year end it held assets of $16.6m against liabilities of $72k, net assets of $16.5m. It reported 6 employees.