Malcolm Eaton Enterprises

Analysis

Malcolm Eaton Enterprises is a registered charity in United States, based in Freeport, IL. It received its IRS tax-exemption ruling in January 1968, 58 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 2024, Malcolm Eaton Enterprises reported income of $7.5m and spending of $6.0m, spending 81% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $5.6m to $7.5m (+32%), an average of +5.8% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Malcolm Eaton Enterprises sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include Grand Canyon University Cityserve ($7.5m), United Community Ministries Inc ($7.5m) and Impact Catering Co ($7.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.5% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $128k (2.1% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $9.3m against liabilities of $413k, net assets of $8.9m. It reported 263 employees.