Danish Old Peoples Home Society

Analysis

Danish Old Peoples Home Society is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 1938, 88 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 September 2023, Danish Old Peoples Home Society reported income of $4.1m and spending of $4.4m, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.4m to $4.1m (+21%), an average of +4.8% a year. The sharpest change came in the year to September 2021, when income rose by 23%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Danish Old Peoples Home Society sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IL. Charities of a similar size with the same main cause include Voices for Georgias Children Inc ($4.1m), Cherokee Home for Children ($4.1m) and Office of Human Services ($4.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 27% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $329k (7.5% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $9.9m against liabilities of $2.4m, net assets of $7.6m. It reported 57 employees.