Fox Valley Older Adult Services

Analysis

Fox Valley Older Adult Services is a registered charity in United States, based in Sandwich, IL. It received its IRS tax-exemption ruling in July 1972, 54 years ago. 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 December 2023, Fox Valley Older Adult Services reported income of $3.5m and spending of $3.4m, spending 96% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.7m to $3.5m (+104%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 44%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fox Valley Older Adult Services 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 90th percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Harmony Protection Group ($3.5m), Advent House Ministries Inc ($3.5m) and Mercy Health Foundation Fort Smith ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.5% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $84k (2.5% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $1.4m against liabilities of $587k, net assets of $765k. It reported 175 employees.