Selected Independent Funeral Homes Educational Trust

Analysis

Selected Independent Funeral Homes Educational Trust is a registered charity in United States, based in Lincolnshire, IL. It received its IRS tax-exemption ruling in February 1983, 43 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Selected Independent Funeral Homes Educational Trust reported income of $302k and spending of $320k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $264k to $302k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2020, when income rose by 100%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Selected Independent Funeral Homes Educational Trust sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within IL. Charities of a similar size with the same main cause include Davenport Retirement Village ($302k), Bloomingdale Youth Sports Association Inc ($302k) and Society of Plastics Engineers ($302k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $90k (28% of expenses). Other salaries and wages came to $31k. At year end it held assets of $701k against liabilities of $315k, net assets of $386k. It reported 4 employees.

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.