Greencastle of Barrington Inc

Analysis

Greencastle of Barrington Inc is a registered charity in United States, based in Oak Brook, IL. It received its IRS tax-exemption ruling in June 1964, 62 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Greencastle of Barrington Inc reported income of $1.6m and spending of $1.7m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $743k to $1.6m (+115%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 111%. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Greencastle of Barrington Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Falmouth Housing Corporation ($1.6m), High Street Uaw Senior Citizens Housing ($1.6m) and United Caring Shelters Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Other salaries and wages came to $317k. At year end it held assets of $2.2m against liabilities of $5.6m, net assets of -$3.4m.

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.