Ateitis Foundation

Analysis

Ateitis Foundation is a registered charity in United States, based in Lemont, IL. It received its IRS tax-exemption ruling in February 1980, 46 years ago. 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 December 2023, Ateitis Foundation reported income of $85k and spending of $105k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $83k to $85k (+2.0%), an average of +0.5% a year. The sharpest change came in the year to December 2022, when income rose by 45%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ateitis Foundation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 34th percentile within IL. Charities of a similar size with the same main cause include Gift of Life Inc of New Jersey ($85k), Harborview House Inc ($85k) and Lake Havasu City Community Concert Association Inc ($85k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 4.7% of the total. At year end it held assets of $1.3m against liabilities of $105k, net assets of $1.2m.