United Methodist Homes and Services

Analysis

United Methodist Homes and Services is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 1991, 35 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, United Methodist Homes and Services reported income of $12.6m and spending of $17.6m, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.2m to $12.6m (+103%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 88%. Over the whole period it spent 115% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, United Methodist Homes and Services sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IL. Charities of a similar size with the same main cause include Audubon Retirement Village Inc ($12.6m), Hospice of the Valley ($12.6m) and Trinity Development Alliance Inc ($12.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.8% and program service revenue 123% of the total. Other salaries and wages came to $12.8m. At year end it held assets of $4.0m against liabilities of $8.1m, net assets of -$4.1m.

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.