Parkview Home of Freeport Illinois

Analysis

Parkview Home of Freeport Illinois is a registered charity in United States, based in Freeport, IL. It received its IRS tax-exemption ruling in May 1945, 81 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 December 2023, Parkview Home of Freeport Illinois reported income of $6.2m and spending of $8.4m, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.9m to $6.2m (+5.0%), an average of +1.2% a year. Over the whole period it spent 116% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Parkview Home of Freeport Illinois 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 Southwest Louisana Independence Center Inc ($6.2m), Americas Warrior Partnership Inc ($6.2m) and Russell Child Development Center Inc ($6.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $177k (2.1% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $36.9m against liabilities of $8.3m, net assets of $28.7m. It reported 198 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.