Palatine Township Senior Citizens Council

Analysis

Palatine Township Senior Citizens Council is a registered charity in United States, based in Palatine, IL. It received its IRS tax-exemption ruling in September 1978, 48 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 February 2024, Palatine Township Senior Citizens Council reported income of $901k and spending of $984k, spending 109% of what it took in. Across the 5 years on record, from February 2020 to February 2024, income fell from $1.0m to $901k (-11%), an average of -2.7% a year. The sharpest change came in the year to February 2022, when income rose by 54%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Palatine Township Senior Citizens Council sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within IL. Charities of a similar size with the same main cause include Virginia Voice Inc ($901k), Treasures of Joy ($901k) and Chasin a Dream Foundation Inc ($901k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 76% and program service revenue 18% of the total. Other salaries and wages came to $498k. At year end it held assets of $1.5m against liabilities of $144k, net assets of $1.3m. It reported 17 employees.