Housing Options for the Mentally Ill in Evanston Inc

Analysis

Housing Options for the Mentally Ill in Evanston Inc is a registered charity in United States, based in Evanston, IL. It received its IRS tax-exemption ruling in December 1988, 38 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2023, Housing Options for the Mentally Ill in Evanston Inc reported income of $8.5m and spending of $4.5m, leaving 47% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $8.5m (+121%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 80%. Over the whole period it spent 67% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Housing Options for the Mentally Ill in Evanston Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include Usagainstalzheimers ($8.5m), American College of Lifestyle Medicine ($8.5m) and East Central Oklahoma Family Health Center Inc ($8.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $163k (3.6% of expenses). Other salaries and wages came to $2.4m. It paid $6,700 in professional fundraising fees. At year end it held assets of $13.6m against liabilities of $3.0m, net assets of $10.6m. It reported 46 employees.