Katharine Manor Condominium Association

Analysis

Katharine Manor Condominium Association is a registered charity in United States, based in Naperville, IL. It received its IRS tax-exemption ruling in November 1989, 37 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, Katharine Manor Condominium Association reported income of $133k and spending of $158k, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $205k to $133k (-35%), an average of -10% a year. The sharpest change came in the year to June 2020, when income dropped by 33%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Katharine Manor Condominium Association sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 45th percentile within IL. Charities of a similar size with the same main cause include Marsalom Inc Greenbriar Schools ($133k), German Language School of Marin ($133k) and Grace Place Pregnancy Care Center Inc ($133k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $136k against liabilities of $94k, net assets of $42k.

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.