Eder Financial Inc

Analysis

Eder Financial Inc is a registered charity in United States, based in Elgin, IL. It received its IRS tax-exemption ruling in March 1991, 35 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3).

In the financial year ending December 2023, Eder Financial Inc reported income of $30.1m and spending of $34.7m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $32.9m to $30.1m (-8.3%), an average of -2.2% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eder Financial Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Fort Sanders Perinatal Center ($30.1m), Arc of Montgomery County Inc ($30.2m) and Commonbond Communities ($30.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $793k (2.3% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $485.7m against liabilities of $39.1m, net assets of $446.6m. It reported 36 employees.