Elks Veterans Memorial Restoration Trust

Analysis

Elks Veterans Memorial Restoration Trust is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 1990, 36 years ago. Its declared purposes cover health care, 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 April 2024, Elks Veterans Memorial Restoration Trust reported income of $1.0m and spending of $916k, spending 88% of its income. Across the 5 years on record, from April 2020 to April 2024, income fell from $1.9m to $1.0m (-45%), an average of -14% a year. The sharpest change came in the year to April 2022, when income rose by 52%. Over the whole period it spent 62% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Elks Veterans Memorial Restoration Trust sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within IL. Charities of a similar size with the same main cause include West River Area Health Education Center ($1.0m), Glory House Recovery Incorporated ($1.0m) and Peer Recovery Services ($1.0m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 49% and program service revenue 39% of the total. At year end it held assets of $11.9m against liabilities of $56k, net assets of $11.9m.