Marklund Childrens Home

Analysis

Marklund Childrens Home is a registered charity in United States, based in Geneva, IL. It received its IRS tax-exemption ruling in December 1967, 59 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 June 2023, Marklund Childrens Home reported income of $35.1m and spending of $41.9m, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $25.9m to $35.1m (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2020, when income rose by 20%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Marklund Childrens Home sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Valley Senior Services Alliance ($35.1m), Spectrum Community Services ($35.1m) and Operation Food Search Inc ($35.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.5m (3.5% of expenses). Other salaries and wages came to $20.3m. At year end it held assets of $45.0m against liabilities of $14.4m, net assets of $30.6m. It reported 608 employees.