Amity Society of Freeport Inc

Analysis

Amity Society of Freeport Inc is a registered charity in United States, based in Freeport, IL. It received its IRS tax-exemption ruling in December 1954, 72 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Amity Society of Freeport Inc reported income of $1.9m and spending of $1.6m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.9m (+79%), an average of +16% a year. The sharpest change came in the year to June 2020, when income rose by 21%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Amity Society of Freeport Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include Fountain of Hope Inc ($1.9m), San Miguel Community Foundation ($1.9m) and Uih Family Partners Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 7.8% of the total. Compensation of current officers, directors and key employees was $71k (4.4% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.7m against liabilities of $184k, net assets of $2.5m. It reported 29 employees.