Margarets Village

Analysis

Margarets Village is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1981, 45 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 June 2023, Margarets Village reported income of $1.8m and spending of $2.0m, spending 115% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.7m to $1.8m (+7.2%), an average of +2.4% a year. The sharpest change came in the year to June 2021, when income dropped by 100%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Margarets Village sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include Institute of Lutheran Theology ($1.8m), Dhammakaya International Meditation Center ($1.8m) and Rabata Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 7.6% of the total. Compensation of current officers, directors and key employees was $84k (4.1% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $837k against liabilities of $47k, net assets of $791k. It reported 41 employees.