Greater Organization for Less Fortunate

Analysis

Greater Organization for Less Fortunate is a registered charity in United States, based in Lake Bluff, IL. It received its IRS tax-exemption ruling in September 1983, 43 years ago. 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 June 2023, Greater Organization for Less Fortunate reported income of $173k and spending of $117k, leaving 32% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $223k to $173k (-22%), an average of -22% a year. The sharpest change came in the year to June 2023, when income dropped by 22%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greater Organization for Less Fortunate sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within IL. Charities of a similar size with the same main cause include Nevada State Elks Charities Fund ($173k), Friends of the Rochester Public Library Inc ($173k) and Tall Cedars Foundation ($173k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $314k against liabilities of $0, net assets of $314k.