Elizabeth H and Cyrus V Giddings Corporation

Analysis

Elizabeth H and Cyrus V Giddings Corporation is a registered charity in United States, based in Oak Park, IL. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Elizabeth H and Cyrus V Giddings Corporation reported income of $177k and spending of $262k, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $175k to $177k (+1.2%), an average of +0.3% a year. Over the whole period it spent 126% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Elizabeth H and Cyrus V Giddings Corporation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within IL. Charities of a similar size with the same main cause include Friends of St Lukes Inc ($177k), Woodside Village IV Inc ($177k) and Welcoming Interim Shared Housing ($177k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Other salaries and wages came to $43k. At year end it held assets of $819k against liabilities of $1.8m, net assets of -$1.0m.

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.