Evangelical Retirement Homes of Greater Chicago Inc

Analysis

Evangelical Retirement Homes of Greater Chicago Inc is a registered charity in United States, based in Schaumburg, IL. It received its IRS tax-exemption ruling in August 1975, 51 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 March 2023, Evangelical Retirement Homes of Greater Chicago Inc reported income of $50.4m and spending of $64.3m, spending 128% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $54.8m to $50.4m (-8.1%), an average of -2.1% a year. Over the whole period it spent 116% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Evangelical Retirement Homes of Greater Chicago Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Stella Orton Home Care Agency Inc ($50.4m), Foodlink Inc ($50.4m) and Northwest Center Services ($50.3m).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 101% of the total. Compensation of current officers, directors and key employees was $1,800 (0.0% of expenses). Other salaries and wages came to $17.4m. At year end it held assets of $109.9m against liabilities of $235.3m, net assets of -$125.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.