Edward Health and Fitness Center

Analysis

Edward Health and Fitness Center is a registered charity in United States, based in Arlington HTS, IL. It received its IRS tax-exemption ruling in September 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 December 2023, Edward Health and Fitness Center reported income of $6.2m and spending of $7.0m, spending 114% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income fell from $9.1m to $6.2m (-32%), an average of -7.5% a year. The sharpest change came in the year to December 2022, when income rose by 127%. Over the whole period it spent 120% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Edward Health and Fitness Center sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include The Santa Barbara Ventura College O F Law ($6.2m), Commercial Club Foundation ($6.2m) and Cruden Bay Risk Retention Group Inc ($6.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $144k (2.0% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $9.8m against liabilities of $1.6m, net assets of $8.2m. It reported 244 employees.

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.