Morgan Park and Beverly Handicapped

Analysis

Morgan Park and Beverly Handicapped is a registered charity in United States, based in Oak Brook, IL. It received its IRS tax-exemption ruling in September 1987, 39 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Morgan Park and Beverly Handicapped reported income of $539k and spending of $599k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $261k to $539k (+106%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 95%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Morgan Park and Beverly Handicapped sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within IL. Charities of a similar size with the same main cause include New Mexico Philharmonic Foundation Inc ($539k), Acts on Stage Inc ($539k) and Lyric Theatre and Cultural Arts Center ($539k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $113k. At year end it held assets of $697k against liabilities of $60k, net assets of $637k.

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.