Ernest Hemingway Foundation of Oak Park

Analysis

Ernest Hemingway Foundation of Oak Park is a registered charity in United States, based in Oak Park, IL. It received its IRS tax-exemption ruling in November 1984, 42 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 December 2023, Ernest Hemingway Foundation of Oak Park reported income of $127k and spending of $109k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $143k to $127k (-12%), an average of -3.0% a year. The sharpest change came in the year to December 2022, when income rose by 68%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ernest Hemingway Foundation of Oak Park sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 44th percentile within IL. Charities of a similar size with the same main cause include Oregon Agriculture Foundation ($127k), Association of Leadership Educators Inc ($127k) and Good Shepherds Corner ($127k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 60% of the total. Other salaries and wages came to $65k. At year end it held assets of $1.1m against liabilities of $2,055, net assets of $1.1m. It reported 2 employees.