Economy Shop

Analysis

Economy Shop is a registered charity in United States, based in Oak Park, IL. It received its IRS tax-exemption ruling in December 1945, 81 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Economy Shop reported income of $440k and spending of $393k, spending 89% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $322k to $440k (+37%), an average of +6.5% a year. The sharpest change came in the year to June 2022, when income rose by 199%. Over the whole period it spent 105% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Economy Shop sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IL. Charities of a similar size with the same main cause include Avamar Foundation ($440k), Sustained Dialogue Institute ($440k) and Equifund Organization Inc ($440k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.7% of the total. Other salaries and wages came to $105k. At year end it held assets of $460k against liabilities of $1,875, net assets of $458k. It reported 4 employees.