Will-Grundy Center for Independent Living Inc

Analysis

Will-Grundy Center for Independent Living Inc is a registered charity in United States, based in Joliet, IL. It received its IRS tax-exemption ruling in May 1988, 38 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, Will-Grundy Center for Independent Living Inc reported income of $1.1m and spending of $947k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $689k to $1.1m (+57%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 65%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Will-Grundy Center for Independent Living Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include The Aemilian Preschool Inc ($1.1m), Haines City Community Development Inc ($1.1m) and Gallia County Council on Aging Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $89k (9.4% of expenses). Other salaries and wages came to $332k. At year end it held assets of $2.1m against liabilities of $514k, net assets of $1.6m. It reported 10 employees.